OSU's Kim Anderson Talks with SUNUP About Why Wheat Producers Should Think about Selling their Wheat before SeptemberThu, 09 Jul 2020 15:59:06 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
Farmers throughout the state are currently talking about wheat basis. Dr. Anderson says there is a cause for concern, "is the basis being used to hurt the farmers? No. Is there collusion on the basis? No. but if you look at the Kansas City Protein Basis last year it was $1.20, This year its much lower. The spread between 11.2, and 12.4 is the same for this year and last year, but this years Kansas City basis is 33 cents less than it was last year." Dr. Anderson said that may be a cause for some concern, but it doesn't mean someone is taking advantage of you. To hear more from Dr. Anderson on the Wheat Crop, click or tape below:
This week on SUNUP, we get an update on the Oklahoma cotton crop from Seth Byrd.
- Then, in the Mesonet weather report, Wes Lee explains how the cotton crop can benefit from the forecasted hot days ahead. Gary McManus says drought is strengthening and most of Oklahoma missed the rains in June that would have slowed its expansion.
-Courtney Bir tells us about the results of a new survey gauging how Oklahomans feel about in-person meetings, as well as other economic factors related to the pandemic.
- Derrell Peel explains why meat prices will eventually return to normal.
- In Cow-Calf Corner, Glenn Selk has an estimate for water needs for cattle.
- Kim Anderson says wheat producers should think about selling their wheat before September.
- Finally, Kris Hiney explains how blister beetles can hurt horses and where they are coming from.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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