Market Journal 09-10-23
October 23, 2009
On this week's Market Journal:
- Paul Burgener, UNL Agricultural Economics Research Analyst, says growers should consider selling 30%–50% of the wheat in their bins. The weak dollar, improvements in the economy and the price recovery of corn and soybeans have all helped the wheat price.
- Tom Dorn, UNL Extension educator, recommends drying down soybeans with ambient temperatures as much as possible. Dorn says corn left in the field will dry at the rate of a quarter of a point of moisture per day.
- Jenny Rees and Gary Zoubek, UNL Extension educators, discuss the newly expanded CropWatch Web site and how it's become a one-stop resource for UNL crop production information. In response to user surveys, information is organized by crop and then organized by key ag topics for producers.
- Outside speculators in the grain markets: Research of grain market activities has not shown that outside speculation has impacted the markets. Gene Kunda, University of Illinois ag economist, says if the price spread between two adjacent futures months is more than 80% of the carry between those months, the basis will weaken.
- Al Dutcher, UNL Extension state climatologist, says the weather outlook is bleak for harvest with more rain on tap for the coming week along with cooler temperatures.
Market Journal Broadcast Times
NET1 – Saturday, 7 a.m. CT
NET2 – Sunday, 9 a.m. CT
Dish Network, Channel 9411
Friday, 12:30 p.m. CT
Sunday, 9:30 p.m. CT
Wednesday, 8:30 a.m. CT