Agricultural News
OSU's Kim Anderson Says Grain Prices Should Not Move Much as Holidays Begin
Thu, 18 Nov 2021 18:45:20 CST
This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson says as most harvests wrap up in Oklahoma and the holiday season approaches, there is not much going on.
"The value of the dollar went up again," Anderson said. "When it went up, we saw grain prices fall off just a little bit because that impacts our export price."
There is always concern for lower prices still. Anderson said during the holidays grain markets begin to get thin. As that happens, when a mass of sales flood the market, prices are driven down. The opposite happens when buying happens.
Some advice Anderson said he continues to give to producers is to stagger sales. He suggests producers who still have wheat or soybeans stagger sales over the next month or so. Corn usually rallies in the spring, so save some for when those prices hit, he said.
"This year's world harvest is essentially complete," Anderson said. "I do not see many reasons for prices to go higher."
As for cotton, he said he does not know why anyone would hold cotton when prices are so high.
Hit the LISTEN BAR below to hear more from Dr. Anderson this week on SUNUP as he talks about what the grain markets are doing ahead of Thanksgiving.
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, we travel to Kay County to meet with a family whose soybean crop is showing signs of stress from the dry weather in September.
Then, OSU Extension cropping systems specialist Josh Lofton catches us up on how the soybean crop is looking throughout the state.
In the Mesonet weather report, Wes Lee, OSU Mesonet agricultural coordinator, says the state saw record high temperatures earlier in the week. State climatologist Gary McManus gives us a look at the latest drought monitor map.
OSU Extension beef cattle breeding specialist Mark Johnson explains why switching out your turkeys for beef might be a good idea for Thanksgiving.
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