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Agricultural News


OSU's Kim Anderson Says 2021 Could be a Record Global Wheat Harvest Despite Losses

Thu, 16 Sep 2021 13:49:52 CDT

OSU's Kim Anderson Says 2021 Could be a Record Global Wheat Harvest Despite Losses This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about what experts predict the southern hemisphere’s wheat harvest will bring and how China is affecting sorghum and soybean prices.

Wheat prices have been on what Anderson describes as a “light” downtrend, about 20 cents lower than what prices were at the beginning of the month. Anderson said southern hemisphere wheat crop harvest numbers are expected to offset any losses from harvest numbers in the northern hemisphere.

“We have got record world production numbers of wheat coming up,” Anderson said.

Corn and wheat prices have both been volatile, according to Anderson. At this time, 10% of the Nation’s corn crop is harvested, he added.

Low sorghum prices are due to China staying out of the sorghum market, Anderson said.

“China was buying sorghum last year - they are not buying sorghum this year,” Anderson said.

Anderson said he thinks soybean prices could be hitting bottom. Again, China is involved.

“They canceled two cargos just last week,” Anderson said. “That of course has a negative impact on prices.”

Anderson said cotton prices are good, around 93 cents per pound.
Hit the LISTEN BAR below to listen to Dr. Anderson’s entire conversation on SUNUP.

Join us for SUNUP:
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Sunday at 6 a.m. on OETA-TV
SUNUP.okstate.edu

This week on SUNUP, Oklahoma Quality Beef Network coordinator Jeff Robe has information on upcoming sale dates for the value-added program.

In the Mesonet weather report, Wes Lee, Mesonet agricultural coordinator, says overall soil moisture is decreasing. State climatologist Gary McManus says the drought picture has rapidly expanded throughout the state.

September is Emergency Preparedness Month, and OSU Extension agricultural policy specialist Amy Hagerman discusses the resources available through the Extension website.

In Cow-Calf Corner, Mark Johnson, OSU Extension beef cattle breeding specialist, says now is a good time to evaluate overall production management practices when weaning fall calves.

In Food Whys, OSU food scientist Darren Scott explains the fermentation process.

OSU Extension crop marketing specialist Kim Anderson reports another week of volatility in the grain markets.

Then, SUNUP has information on the upcoming peanut and cotton field tour.

Amanda Silva, OSU Extension small grains specialist, says with these dry conditions, producers considering planting wheat for dual purpose may have to dust the seed in the ground.

Finally, In Extension Explains, OSU Extension horticulture and turfgrass entomologist Eric Rebek discusses the importance of pollinators.


   


   

Listen to Dr. Anderson on SUNUP here
right-click to download mp3

 

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