Agricultural News
OSU's Kim Anderson Calls This Week "The Food Corridor"
Thu, 26 May 2022 16:15:22 CDT
This week on SUNUP is Dr. Kim Anderson, Oklahoma State University Extension grain market economist. During this week's edition, Anderson speaks on the sustainability of the current grain market, plantings, and grain prices.
"I think this week is the food corridor," Anderson said. "Russia is negotiating opening up the Black Sea for Ukraine to export food, specifically wheat and corn out of that market, and that would put more commodities on the market."
Also, Anderson said Russia has already been exporting, but it would free up their exports a little more if they would open that corridor.
"Of course, you had the rain over the last week, and we got rain that we need," Anderson said. "I think it may have a negative impact on some of our wheat, but definitely a positive impact on our summer crop."
When looking at the corn and soybean plantings, Anderson said they have been going relatively well.
"Specifically for wheat, last year you had 28.6 billion bushels, slightly below the record of the year before," Anderson said. "You are looking at 28.5 billion this year. However, the supplies of bread flower wheat- hard red winter and hard red spring wheat, are significantly tighter than in your other classes."
Pricewise, Anderson said there is downward pressure if the food quarter opens up and Ukraine can export because they have plenty of wheat in storage they need to get on the market.
This week on SUNUP:
• Amy Hagerman has information for producers who are considering abandoning their wheat crop.
• Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the latest rainfall much of the state received. State climatologist Gary McManus shows us how those recent rains impacted the drought monitor map.
• OSU professor Dr. Yanqi Wu breaks down the recent releases of two turfgrass varieties.
• Mark Johnson, OSU Extension beef cattle breeding specialist, discusses personal safety considerations when handling cattle.
• Kim Anderson, OSU Extension grain marketing specialist, has information on the latest news in the crop markets.
• Finally, SUNUP heads to Kay County to visit Don Schieber's farm to see how wheat is performing in northcentral Oklahoma.
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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