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Agricultural News


OSU's Kim Anderson Sees Crop Prices to Hold Relatively Strong

Thu, 05 May 2022 15:03:22 CDT

OSU's Kim Anderson Sees Crop Prices to Hold Relatively Strong This week on SUNUP, Dr. Kim Anderson, Oklahoma State University Extension grain market economist. During this week's edition, Anderson speaks on global exporters, wheat harvest and market prices.

"The first thing we need to talk about is the wheat tours going on in Oklahoma and Kansas," Anderson said. "Oklahoma tour came in around 58 million bushels, a little more than half of last year's crop."

Anderson said USDA's production estimate will come out next Thursday on May 12th and the market is waiting on that.

"The big news is out of India," Anderson said. "We have talked about India having the 5th record crop in a row, and that their exports were going to increase and offset some of the Ukrainian reduction in exports."

Then we have got a heatwave in India, Anderson said, that has decimated a good portion of the crop. India is talking about prohibiting all exports and keeping that wheat in and so that had a positive impact on the market, he added.

"Russia had a negative impact on the market," Anderson said. "They are exporting wheat now and they have increased their monthly exports this last month."

Overall, Anderson said our price for the end of this week increased by about 30 cents.

"I think it is important that the base has increased a nickel," Anderson said. "I think in my opinion, that base is going to work his way up and that will just add to our higher prices."


This week on SUNUP:

Brian Whitacre, OSU Extension rural economic development specialist, has information about a new federal program that's aimed to help with the Internet bill for folks in rural communities.

• State climatologist Gary McManus says though the state has higher than normal temperatures in the forecast, rain chances may come with those hotter days.

Gary Strickland, OSU Extension southwest regional agronomist, explains why the diversity of research at the Chickasha Wheat Field Day, and other field days, is so important.

• With a case of Highly Pathogenic Avian Influenza confirmed in a commercial flock in Sequoyah County, SUNUP has information on how and where to report a suspected case of HPAI.

Kim Anderson, OSU Extension crop marketing specialist, has an update about what's happening in the wheat market.

Amanda de Oliveira Silva, OSU Extension small grains specialist, shows us how the wheat is performing in Chickasha.

• SUNUP has information on the upcoming Lahoma Field Day.

Mark Johnson, OSU Extension beef cattle breeding specialist, talks with Rosslyn Biggs, OSU Extension beef cattle specialist, about vaccinations in cattle herds.

Josh Bushong, OSU Extension northwest area agronomist, explains how the recent drought conditions have impacted weed growth in wheat fields.

• Finally, SUNUP travels to Tulsa County visit the National Extension Conference on Volunteerism to see the latest trends on giving back.


Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
YouTube.com/SUNUPtv
SUNUP.okstate.edu


   


   

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