Agricultural News
Shaky Chinese Economy Sends Ripples Through Crop Markets, Among Others
Thu, 23 Sep 2021 14:55:38 CDT
This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about how China's weak economy is affecting crop markets, among others.
"I think most of what is happening to the crop markets is outside the markets," Anderson said. "The big thing is China."
Early this week, Chinese real estate development giant Evergrande began to crumble under its $300 billion debt, sending ripple effects through global markets.
"China is having financial problems and they have a weak economy right now," Anderson said. "I think the world is nervous about that."
Anderson said another cause of this week's crop market volatility could be linked to news out of the Federal Reserve.
"They are trying to decide when to - slow down buying bonds (and) maybe raise interest rates," Anderson said.
Lastly, input costs are high.
"Some of them have doubled in price," Anderson said. "There is a lot going on outside of what is going on with corn, beans and wheat."
Hit the LISTEN BAR below to hear the latest crop prices from Dr. Anderson, this week on SUNUP.
Join us for SUNUP, 7:30 a.m. on Saturdays and 6 a.m. on Sundays on OETA-TV, or by visiting SUNUP.okstate.edu.
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Brian Arnall, OSU Extension precision nutrient management specialist, gives fertilizer application recommendations for wheat planting during these dry conditions.
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OSU Extension crop marketing specialist Kim Anderson breaks down the latest news in the grain markets.
In Cow-Calf Corner, OSU Extension beef cattle breeding specialist Mark Johnson has information on the importance of collecting information, such as genetics data, on your herd.
Paul Beck, OSU Extension beef cattle specialist, discusses the upcoming Klemme Range Research Station Field Day.
Although Kansas State University and OSU may be rivals when it comes to sports, SUNUP takes a look at the unique partnership the two universities have in agriculture.
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