Agricultural News
OSU's Kim Anderson Discusses Suspects in Uncertain Grain Market
Thu, 14 Apr 2022 15:19:30 CDT
This week on SUNUP, Dr. Kim Anderson, Oklahoma State University Extension grain market economist. During this week's edition, Anderson speaks on the latest in the grain markets during an uncertain time.
"You've got tight stocks, on wheat and they're getting tighter probably," Anderson said.
The crop estimates due to weather concerns in South America are impacting corn and soybean stocks and making them relatively tight, Anderson said. Wheat crop condition is poorer than last year, but has improved a little, he added.
Anderson said there is the drought in the west, while in the east it is too wet for planting. Other factors influencing markets include Russia and Ukraine, he added.
"I've been telling people that in the 40 years that I have been in this job, I believe we are facing some of the most uncertain times we have faced over that period," Anderson said.
Anderson said factors such as high input costs are influencing the volatile market.
"Producers that price their wheat or their commodity on the futures markets- with these higher costs they've got to make margin calls," Anderson said, "Plus, you've got the 20, 25 and 30 percent increase in production costs and that means you have to borrow more money."
There is uncertainty with the weather, Anderson said, which leads to uncertainty in price, and ultimately adds uncertainty because producers have to be willing to take that risk, which can impact how many acres we plant.
This week on SUNUP:
• Amanda Silva, OSU Extension small grains specialist, gives an update on how the wheat is progressing and talks about upcoming field days.
• SUNUP welcomes OSU Extension's new wheat pathologist Meriem Aoun. She discusses the diseases recently observed on some varieties.
• Wes Lee, OSU Extension Mesonet agricultural coordinator, takes a look into the latest evapotranspiration maps. State climatologist Gary McManus discusses the possibility of rainfall in the next two weeks.
• Derrell Peel, OSU Extension livestock marketing specialist, explains which countries are the largest importers of beef.
• Amy Hagerman, OSU Extension agricultural policy specialist, has assistance information and resources for those impacted by the latest wildfires.
• Kim Anderson, OSU Extension grain marketing specialist, says the markets are the most volatile he's ever seen.
• Mark Johnson, OSU Extension beef cattle breeding specialist, explains the process of heat synchronization in cow herds.
• Finally, Marley Beem, OSU Extension associate aquaculture specialist, talks about the important role ponds play in agriculture.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
YouTube.com/SUNUPtv
SUNUP.okstate.edu
To hear more from Kim Anderson on Sunup this week, click or tap below.
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