Wheat Markets Around the World with OSU's Kim AndersonThu, 09 Sep 2021 15:54:05 CDT
This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about what is going on around the world with the wheat markets.
Starting in the Black Sea area of Russia - they missed their projected wheat-harvest mark by about 500 million bushels, putting them in the news a lot lately, according to Anderson. At the same time, he said it looks like Ukraine produced a near-record harvest. Overall, the low harvest number are good for wheat prices.
In the European Union produced a big wheat crop at 5.1 billion bushels, but rain is impacting that harvest.
“39% of it is projected to be below the minimum level of test weight for flour milling,” Anderson said. “However, it still could be a good flour-milling crop.”
Australia also produced a big crop, surpassing their five-year average by around 218 million bushels.
For the world, a record crop is in the bin with 28.5 billion bushels. Anderson said although we have a lot of wheat, he doesn’t think it is in the “right position.”
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This week on SUNUP, John Weir, OSU Extension fire ecologist, says now is the time for landowners to prepare for the upcoming wildfire season.
In the Mesonet weather report, Wes Lee, Mesonet agricultural coordinator, predicts the maximum air temperature will remain at high levels. State Climatologist Gary McManus says a lack of rainfall in the state is widening the drought picture.
Paul Beck, OSU Extension livestock specialist, discusses dual purpose wheat and the possible impact armyworms could have on the crop.
In Cow-Calf Corner, OSU Extension beef cattle breeding specialist Mark Johnson has information on supplementation for cattle grazing dormant season grasses.
OSU Extension agricultural economic specialist Roger Sahs explains the factors that influence land values.
Cheryl DeVuyst, OSU agricultural economics department head, has information on the upcoming Rural Economic Outlook Conference.
Then, Derrell Peel, OSU Extension livestock marketing specialist, says there is optimism in the livestock markets heading into the fall and winter.
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