Lack of Moisture in HRW Wheat Provides Fuel for Wheat Price Rally- Kim Anderson ExplainsFri, 28 Mar 2014 05:03:06 CDT
Lack of moisture in the southern hard red winter belt has been the underlying factor in pushing Kansas City wheat futures higher. Dr. Kim Anderson says that while the market is watching the political situation in Ukraine. However, it's clear that the recent rally in wheat futures prices is all about the stress being seen in the hard red winter wheat belt.
Dr. Anderson talked with SUNUP and offered his weekly his weekly look at the grain markets- and beyond the wheat crop condition, discussed the current forward contracts that are available to producers in wheat, corn and milo. In the case of wheat, you can contract wheat for harvest now for around $7.30 a bushel, based on current Kansas City July contract prices.
He also previewed the USDA Acreage and Grain Stocks reports that are scheduled to be released early next week.
Dr. Kim Anderson is one of the regular guests that make up the SUNUP TV production from the Division of Agriculture at Oklahoma State University. It is seen weekends on the OETA network of stations.
Here's the complete rundown of the SUNUP program that will air this weekend:
This week on SUNUP, we learn about the release of the new OLe' peanut variety unveiled at the recent 2014 Oklahoma Peanut Expo. Interviews include John Damicone, Mike Kubicek, Roy Scott and Kelly Chamberlin.
-In the Mesonet report, Al Sutherland and Gary McManus look at this week's wind speeds, rainfall totals and the drought monitor, which shows significant expansion in Oklahoma.
-Next, in Cow-Calf Corner, Glenn Selk explains the OSU research on the importance of continuing to feed hay to spring calving beef cattle.
-We visit the OSU Sheep and Goat Center during spring lambing season and take a glimpse at the program's history with the significant work of former sheep industry legends Alex McKenzie, Bill Crutcher and Robert Noble. Interviews include current sheep barn manager Darin Annuschat and longtime animal science professor Bob Kropp. Then, Jerry Fitch explains how the sheep industry has changed in Oklahoma.
-Kim Anderson discusses this week's $1.95 Kansas City wheat price rally.
-Finally, in Food Whys, Jacob Nelson explains what is actually in a hot dog.
Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV
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