Talking Record Cotton Prices With OSU Economist Kim AndersonFri, 29 Oct 2010 3:54:34 CDT
It's a different direction that the new host of SUNUP has taken the regular conversation with OSU Grain Marketing Economist Dr. Kim Anderson as we wrap up October- as Lyndall Stout talked mostly about the sky high cotton prices with Kim in this week's interview slated to run within the weekly OSU Ag Communications TV production on OETA Saturday morning.
With the extraordinary cotton prices that have developed just as we have entered the heart of the harvest season, Anderson says that this is a year for balance sheets on cotton farms to dramatically improve with farmers having a chance to pay down debt with proceeds from cotton prices that have now established all time highs. Dr.Anderson does predict that while it will be difficult to maintain current cotton prices that are well north of a dollar per pound into next year- the floor will likely be 75 to 80 cents- and he would not rule out dollar cotton prices in 2011 as well.
When it comes to the wheat markets- only one quick comment- but Kim says we have a very wide price range that we could be facing in the wheat market. If we should break out of the current trading range to the upside- there could be an eighty cent per bushel runup in wheat prices- but if resistance is not breached- the downside nearterm could be eighty cents down. The factor that could push wheat prices into higher territory nearby is the lingering concern about dry weather during the planting of the 2011 wheat crop. We have some concerns here in the southern great plains- but there is major concern in areas in the midwest where farmers use soft red winter wheat in their rotations.
You can watch Lyndall and Kim visit on Saturday morning on SUNUP- or you can take a listen now by clicking on the LISTEN BAR below.
Beyond the weekly grain market recap (and cotton market this week)- the SUNUP crew tells us you can expect to see the following segments this week:
SUNUP goes to Southwest Oklahoma as they catch up with cotton harvest in Jackson County. Stops will include a Jackson County farm, a cotton gin and a warehouse that ships cotton all over the world.
In Cow-Calf Corner, Glenn Selk and Dr. John Kilpatrick discuss proper handling of vaccines.
In Shop Stop, Randy Taylor and Wayne Kiner give tips on marking metal.
The Head of the Ag Economics Department at OSU, Dr. Mike Woods, talks about the state of the rural economy.
In our Mesonet segment, Al Sutherland talks about the recent rainfall and updates soil moisture totals, which are improving the drought situation.
Matt Stockman details the Basic Ag Field Day in Cleveland County.
And finally, Marley Beem talks about dam management.
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