Agricultural News
OSU's Kim Anderson Goes Over the Latest USDA WASDE Report
Thu, 14 Oct 2021 19:46:55 CDT
This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about the latest USDA WASDE report released Tuesday, which Anderson said housed a few surprises.
For the most part, wheat numbers were as expected, according to Anderson.
"I think if there is any news (for wheat,) it is hard red winter wheat ending stocks," Anderson said. "They lowered them to 311 million bushels, that is down from 347 (bushels) last month."
Anderson called the decrease significant for HRW from a price perspective.
"If there was any surprise in this report, it was in soybeans," Anderson said.
The report raised expected U.S. soybean ending stock numbers from 185 million bushels to a whopping 320 million bushels. The report also raised global soybean ending stock from 9.8 million bushels to 104.6 million.
According to Anderson, the latest report did not impact grain futures prices in Oklahoma much for wheat and corn, but soybeans fell by 45 cents in two days.
"Any given day, there is 50% chance prices will go up and a 50% chance prices will go down," Anderson said.
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.
This week on SUNUP, OSU Extension beef cattle specialist Paul Beck talks about wheat pasture growth and what he calls "the million-dollar rain."
OSU Mesonet agricultural coordinator Wes Lee has an overview of the game changing weather week. He also analyzes the current soil moisture levels at various depths.
We spend a few minutes at OSU's Rural Economic Outlook Conference talking with Rob Fox, director of CoBank's Knowledge Exchange Division.
In Cow-Calf Corner, Mark Johnson, OSU Extension beef cattle breeding specialist, outlines management options to consider when selecting and developing replacement heifers.
Then, OSU Extension small grains specialist Amanda Silva has an update on how the recent rains are helping with wheat planting and crop emergence.
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