Agricultural News
OSU's Kim Anderson Explains Why Current Wheat Prices are Better Than Previous Years
Thu, 17 Feb 2022 16:27:13 CST
This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about how this year's wheat prices compare to previous years' wheat prices. So far, he said they are higher than usual!
"We have relatively good prices (now)," Anderson said. "We had record production around the world at 28.5 billion bushels - almost the same as last year, however our consumption this year was a record 28.8 billion bushels."
Although we are growing a lot of wheat, globally, we are also consuming a lot of wheat, globally. Ending stocks are predicted to go down this year and there is a lot of uncertainty in the market, Anderson said.
In all, Anderson thinks $5.00 will the be lowest wheat prices will reach in the next year.
Hit the LISTEN BAR below to hear more from Dr. Anderson this week on SUNUP as he talks about high wheat prices.
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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• Kim Anderson, OSU Extension grain marketing specialist, looks at current wheat prices in comparison to previous years, as well as the averages for wheat exports.
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