OSU's Kim Anderson Says Higher Prices are an Anomaly for this Time of YearFri, 20 Nov 2020 08:48:30 CST
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
Over the past few weeks commodity prices have been doing ok. Dr. Anderson says he believes every year is kindof an anomoly, "We're in a world market right now, so its not what's going on locally it's what's going on around the world.You look at wheat trading in a 40 cent range about $5.60 cents on that futures contract plus or minus 20 cents. Technically it is developing what I call a flag in other words, the lows are a little higher and the highs are a little lower. It's either gonna break out the upside, or the downside we will have to wait and see. Corn has support at $3.95 it's got resistance at $4.35. Right now the odds are, it's going to continue to go up slowly. Soybeans are on a tear coming into the soybean harvest and during the soybean harvest and normally is there's a short harvest we could higher prices, we get a relatively large harvest and prices are still going up, and they're expected to continue to do so. So is it anomaly? Probably you could say it was one yes."
This week on SUNUP, Josh Lofton wraps up the 2020 summer crop season.
- In the Mesonet weather report, Wes Lee shows us how the current soil moisture levels compare to one month ago. Gary McManus shows us where extreme drought is entering the state.
- Derrell Peel says budgets for stocker cattle have been volatile, creating a cautious atmosphere.
- Then, in Cow-Calf Corner, Glenn Selk explains what to look for when determining body condition scores in cattle.
- Dr. Barry Whitworth has information about foot rot in sheep.
- Kim Anderson says higher prices are an anomaly for this time of year.
- Amy Hagerman has information for producers looking to participate in CFAP2.
- Finally, in Naturally Speaking, Dwayne Elmore explains why we are seeing more deer activity this time of year.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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