OSU's Kim Anderson Says the Market is Showing a Lot of Volatility Right nowThu, 03 Jun 2021 16:50:09 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 big news is price volatility, "You look at wheat prices several weeks ago.. you could forward contract Oklahoma Wheat for harvest delivery for $7.25/bushel. Then the market over a couple of days took $1.40 off of that price, and then it's been up like 25, up one day, down the next day, 15 up to 10 The next day, So you've got a lot of price volatility. Right now you can sell wheat in Oklahoma for around $6.35." Anderson said the market has also been volatile for Corn, "You look at the corn market that forward contract price, now not the current cash price, but the forward contract price was $6.25, the market knocked $1.25 off of that thing. It's gained 60 cents back. Soybeans $13.75 Knock off $2 Come back $1.50. So we got a lot of price variability in the market or volatility."
To hear more from Dr. Kim Anderson, click or tap below.
This week on SUNUP, with the recent cool, wet weather, many Oklahoma wheat producers have pushed the pause button on harvest. Amanda Silva gives us an update.
In the Mesonet weather report, Wes Lee explains how the amount of rain and lack of sunshine have caused temperatures to remain low. Gary McManus says the recent moisture has dramatically improved the drought monitor.
Then, we learn about food allergies with Darren Scott.
Courtney Bir says there are new Extension efforts underway to assist honeybee producers.
We continue our wheat varieties discussion with Brett Carver at the Lahoma Field Day.
In Vet Scripts, Barry Whitworth explains how to manage deworming resistant parasites in sheep and goat flocks.
Kim Anderson tells us why the grain markets are continuing this volatile streak.
In Cow-Calf Corner, Dan Stein explains the process of reproductive tract scoring in cattle.
Finally, we learn how the OSU wheat breeding team is using cloning to better predict first-hollow stem.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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