Agricultural News
Dr. Kim Anderson Says Wheat Stocks are Tight in the U.S.
Thu, 07 Oct 2021 16:15:46 CDT
This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about what a difference a week can make when it comes to grain futures markets. Last week, wheat prices were wallowing around. This week, wheat prices are gaining.
"They broke out the top," Anderson said. "I think right now the market thinks that the wheat stocks are tight around the world."
Anderson priced futures prices out of Medford, Okla. between $7.05 and $7.10 per bushel this week.
In some locations, wheat stocks are tight and in others, that is not the case, according to Anderson. In the U.S. wheat stocks are tight, he added.
Hit the LISTEN BAR below to hear more from Dr. Anderson this week on SUNUP as he goes over wheat stock numbers for the world.
Join SUNUP at 7:30 a.m. on Saturdays and 6 a.m. on Sundays on OETA-TV, or by visiting SUNUP.okstate.edu.
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