OSU's Kim Anderson On The Possible Increase of the Russian Export tax on WheatThu, 14 Jan 2021 15:42:01 CST
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
We are 2 weeks into the new year, and Dr. Anderson says the big news is Export Taxes, "I think the big news this last week is out of Russia. You go about three, four weeks ago, they announced that they were going to put an export tax on the wheat of about 25 euros. That's about $30 per metric ton around 82 cents in US prices. They announced last week that may increase that to $50 euros. thats $60/ton, or $1.65 for US Wheat prices. To hear more from Dr. Anderson on SUNUP click or tap below.
This week on SUNUP, Amy Hagerman has an update on federal appropriations and how they could impact agriculture in 2021.
- In the Mesonet weather report, Wes Lee explains how we can usually expect better soil moisture following a snow event. Gary McManus details the rainfall picture since the start of the new water year, which was October 2020.
- Derrell Peel expects a minor dip in cattle production in 2021, but predicts demand for beef should remain mostly constant.
- In Cow-Calf Corner, Glenn Selk explains how a difficult birth can impact a cow’s chances for calving success in the future.
- In Vet Scripts, Dr. Barry Whitworth .and how to tell if our dogs may have been impacted.
- Kim Anderson says the possible increase of the Russian export tax on wheat could translate to better news for Oklahoma producers. He also says the January WASDE caused many commodity prices to jump.
-Finally, Courtney has information about the next round of PPP payments.
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