OSU Crop Marketing Specialist, Dr. Kim Anderson says Excitement is Starting to wane in the Commodity MarketsThu, 18 Mar 2021 14:28:29 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
This week Dr. Anderson says the excitement with the prices is starting to go down a little bit, "You look at wheat prices, go back in February, you could forward contract for harvest delivery for $6.50 A bushel. Right now it's around $5.95 Something like that. Corn, you can forward contract harvest delivery $4.59 That's down from $4.70, So it's, 11 cents down not much there. Milo has went down from late March, $5.65 down to $5.56. Nine cents there, so not much. Soybeans $11.73 For hardest delivered beans right now, down from $11.92. So you don't see much going on in the markets, I think wheat is more risk than the corn, Milo , and soybean prices, I think we may have support there, but they are probably going to wall and we may have support there they're probably going to wallow around. But Wheat, I think we still got some more downside pressure."
To hear more from Dr. Anderson, click or tap below.
This week on SUNUP, Brian Arnall explains how the shortage of natural gas impacts the availability of fertilizers.
- Then, in the Mesonet weather report, Gary McManus says parts of southwest Oklahoma are looking better on the drought monitor, and the outlook is favorable for more rain soon.
- Dave Lalman has an update on a cattle on forage efficiency study.
- In Cow-Calf Corner, Mark Johnson explains how to select cows and bulls for calving ease.
- Kelly Seuhs has advice for producers who are scouting for alfalfa weevils across Oklahoma.
- Kim Anderson says excitement is starting to wane in the commodity markets, and he says wheat may have the most to lose.
- Finally, we take a look at the role women are playing in modern Extension
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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