OSU's Kim Anderson Says Grain Prices Have been Moving in the Right DirectionThu, 24 Sep 2020 17:59:47 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 week Dr. says grain prices have really been moving in the right direction the last month, "Lets start the second week in August, with the leader soybeans. Soybean futures contract price moved from $8.70 to $10.40. That's $1.70 cent increase or a 20% increase in soybean prices. Corn prices they moved on the futures from $3.20 to 3.75, a 55 cent move or 17% move there. Milo, or sorghums moving about 90 to 95 cents higher than corn. And then you've got wheat, that wheat futures contract moved from $4.25 cents to $5.05 it broke that $5 mark there just for a little while. That's 80 cents or 19% price increase. Current wheat prices around $4.50 cents a bushel. To hear more from Dr. Anderson, click or tap below.
This week on SUNUP, Brian Arnall has soil nutrition timing information for dual-purpose wheat growers.
- Then, Kim Anderson says producers should be prepared to sell as wheat, corn and beans continue to rally.
- In the Mesonet weather report, Wes Lee shows us what parts of the state benefitted from the recent unexpected rain. Gary McManus says the weather outlooks do not look promising for October precipitation.
- We travel to the Marvin Klemme Range Research Station to see how researchers are learning to control Old World bluestem.
- Amy Hagerman offers details about the second round of the Coronavirus Food Assistance Program.
- Derrell Peel has information for producers thinking about retaining heifers after wheat pasture season.
- Finally, in Cow-Calf Corner, Glenn Selk explains why pregnancy checks are also a good time to determine culling decisions for older cows.
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Sunday at 6 a.m. on OETA-TV
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