OSU's Kim Anderson Explains how the Russian Export Tax could Benefit Oklahoma FarmersThu, 17 Dec 2020 18:45:40 CST
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. Anderson talks about the ups and downs of the wheat market, "You go back last Friday when prices were up around 14-15 cents. On Monday, they were down 14 or 15 cents. There's just a lot going on in the market..We're in the holiday time period, so we're going to see days when there's more sellers than buyers, and prices will go down, and days when there's more buyers than sellers. Now, what's been going on this week was Russia announced that they're going to put in a export tax of about 82 cents a bushel on their wheat On the January or February through June time period. I thought that would have a relatively good impact on the prices, when you're're going up you're up, and when you're going down you're down." To hear more from Dr. Anderson on SUNUP click or tap below.
This week on SUNUP, Kris Hiney offers recommendations for helping horses weather the winter.
- In the Mesonet weather report, Wes Lee tells us how much snow we received during the recent snow events and how soil moisture benefits. Gary McManus explains why drought may expand, despite the recent snow.
- Josh Lofton has an update on the canola crop across the state.
- In Cow-Calf Corner, Glenn Selk explains the science behind flying reindeer.
- Derrell Peel says trade data indicates a continuing rebound on U.S. exports.
- In Vet Scripts, Dr. Barry Whitworth explains why this is a good time to talk about prevention and control of anaplasmosis.
-Finally, Kim Anderson says there will be fluctuations in the wheat markets but he doesn't expect any large moves. He also explains how the Russian export tax could benefit Oklahoma farmers.
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Sunday at 6 a.m. on OETA-TV
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