OSU's Kim Anderson Says Grain Markets in a Sideways Pattern CurrentlyThu, 18 Feb 2021 16:58:50 CST
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
With all the cold weather we have had in Oklahoma Dr. Anderson says the grain markets and commodities are in a sideways pattern, "You look at wheat since mid January, that KC/May contract sideways, from $6.10 to $6.50. The current prices around midrange in that, converting that to cash its a minus 25 cents in Northern Oklahoma to minus 35 cents in Perrington and Southern Oklahoma. Corn prices, we have the May contract of $5.20 to $5.70. Cash is 16 Cents below that in Northern Oklahoma, and 44 cents above that in Perrington/Panhandle area. Soybeans on the May contract, trading between $13 and $14 on a sideways pattern. Minus 45 cents in Northern Oklahoma, and Minus $1.05 in Southern Oklahoma and the Panhandle area." Anderson says wheat, corn, soybeans and cotton production is expected to increase in 2021, but price expectations may not reflect it.
To hear more from Dr. Anderson on SUNUP click or tap below.
This week on SUNUP, Amanda Silva and when we could see any freeze damage following the record cold temperatures.
- Then, in the Mesonet weather report, Wes Lee shows us how soil temperatures were impacted during the recent freezing weather. Gary McManus says it will be a week before we see any benefit from the snow and ice.
- Paul Beck has advice for returning cattle to typical feed requirements following the colder temperatures.
- In Cow-Calf Corner, Glenn Selk explains how weather can impact the birthweights of calves in winter.
- Tom Royer tells us if the extended below-freezing temperatures will kill the insects that damage crops.
- Kim Anderson says wheat, corn, soybeans and cotton production is expected to increase in 2021, but price expectations may not reflect it.
- Finally, Kevin Shelton explains why it is essential to read every pesticide label before use.
-Finally, Courtney has information about the next round of PPP payments.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
WebReadyTM Powered by WireReady® NSI
Top Agricultural News