Kim Anderson Says Holiday-Season Volatility Came Early This Year for the Grain MarketsThu, 02 Dec 2021 15:09:02 CST
Last week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson told us grain markets could become volatile during the holiday season. This week, he said they became volatile quicker than even he expected.
“Over the holiday season, grain volume is down and not a whole lot is going on in the markets,” Anderson said. “Small purchases and sales will cause prices to move.”
Recently, wheat markets saw a 63-cent fluctuation over just two days, Anderson said. In that, prices fell from $8.47 to $7.84, he added. As usual, wheat prices pulled other grain prices down.
“Corn prices went down about 20 cents and soybeans down 40 cents,” Anderson said.
Anderson said he believes volatility among grain prices will ring in the new year.
Hit the LISTEN BAR below to hear more from Dr. Anderson this week on SUNUP as he talks about grain market volatility and what could be to blame for it.
Join SUNUP at 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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