OSU's Kim Anderson Talks with SUNUP about The Declining Price of WheatThu, 28 May 2020 15:23:58 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
This is a busy time of year for harvesters and it seems the summer crops are climbing and remaining steady, but the price of wheat is declining. Dr. Anderson says the decline can be attributed to the bulk of production around the world. "The number one producer of wheat is China and The United States used to be the number one exporter, and now we are number 3. So when you see an increase in production around the world, you see lower production in the United states and increased exports for competitiors equals lower exports in the United States which results in lower prices."
This week on SUNUP, we have the second part of our conversation with Brett Carver about experimental wheat varieties.
- Then, Jake Nelson has information for cattle producers interested in selling beef directly from their farms or ranches.
- In Cow-Calf Corner, Glenn Selk explains why hay storage is important to maintaining quality.
- In the Mesonet weather report, Wes Lee shows us what parts of the state benefitted from recent rains. Gary McManus says Cimarron County could enter extreme drought soon.
- Kim Anderson tells us why wheat prices could start sliding soon even though summer crop futures look to be steady.
- Amy Hagerman has information about the USDA’s Coronavirus Food Assistance Program and why wheat was not part of the program.
- Finally, Darren Scott explains the origin of vanilla and how it has become a staple of flavoring our foods.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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