Agricultural News
OSU's Kim Anderson Says Holiday-Season Wheat Volatility Was Expected
Thu, 06 Jan 2022 18:24:07 CST
This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about the state of the grain markets after the holiday season. As predicted, there was volatility in the wheat markets.
On Thanksgiving, wheat prices were around $8.45, then fell to $7.50 a week later, rose back up to $8.30, fell again to $7.60 and so on, according to Anderson.
"(It was) back up to $7.75 and then it has been falling off (since) this weekend," Anderson said.
Over the last 40 or so days, wheat moved 95 cents, Anderson said. Corn prices started the holiday season at $5.65, got as high as $6 and have since fallen, he added. Soybean prices moved similarly, starting at $12.10, falling to $11.60 and rising to $13.20 at Christmas.
"With wheat, we definitely have volatility," Anderson said. "With corn, (there is) some uptrend there with a little bit of volatility, but I think (for) soybeans, we are going to say we established an uptrend there."
Hit the LISTEN BAR below to hear more from Dr. Anderson this week on SUNUP as he talks about holiday-season wheat price volatility and what has caused the 95-cent movement in the wheat markets.
Join SUNUP at 7:30 a.m. on Saturdays and 6 a.m. on Sundays on OETA-TV, or by visiting SUNUP.okstate.edu.
This week on SUNUP:
John Weir, OSU Extension fire ecologist, offers advice on preparing your home and property for wildfire season.
Amy Hagerman, OSU Extension ag policy specialist, follows up with guidance on disaster preparedness. She covers insurance records, inventory tips, evacuation plans, loss documentation protocols and more.
Wes Lee, OSU Extension Mesonet agricultural data specialist, discusses Oklahoma's warmest December on record. Then, Gary McManus, state climatologist, analyzes rainfall amounts and the worsening drought situation.
Kim Anderson, OSU Extension crop marketing specialist, has an overview of grain prices from the past few weeks and discusses the continued volatility in the wheat market.
Mark Johnson, OSU Extension beef cattle breeding specialist, provides management tips for calving during the winter and ways to successfully give colostrum to newborn calves.
Finally, we inform viewers about the upcoming Red River Crops Conference and the new Oklahoma Master Irrigator Program.
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