This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the many things going on in the markets this week, which he says is uncommon for this time between Thanksgiving and Christmas.
“There is a lot going on this week,” Anderson said. “I think the number one thing that we are paying attention to is we got some moisture. The moisture is not evenly distributed around, but I think we can get some excitement with that.
The dollar declined this week, Anderson said, which is good news for exports.
“Our exports have been a little weak over the last month or so,” Anderson said. “We need those exports to pick up.”
Wheat prices bottomed out, Anderson said, with about $1.25 coming off, putting them below 8 dollars, but they are back above eight dollars now.
Anderson also talked about how Russia and Ukraine have the potential to impact the markets more in the near future.
“The fighting is still going on, but Russia- the reports are that Russia is waiting for the ground to freeze, and then they are going to have a big offensive, and the war is expected to escalate,” Anderson said. “I think the market is going to be nervous until we see what goes on when we get into the winter and when we have the winter going on between Russia and Ukraine.”
This week on SUNUP
- Amanda Silva, OSU Extension small grains specialist, says the wheat crop is generally smaller so far this growing season, which makes it vulnerable to harsh temperature changes.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, predicts cold weather is on its way for the holidays. State climatologist Gary McManus says recent rains over the past month have helped, but a lot more is needed.
- Kim Anderson, OSU Extension grain marketing specialist, discusses how world grain production impacts prices here in the U.S.
- Mark Johnson, OSU Extension beef cattle breeding specialist, explains forage budgeting with non-traditional sources of hay.
- Tom Royer, OSU Extension entomologist, gives a pest update, and we thank him for his years of service as he enters retirement.
- Finally, SUNUP viewers learn what makes Patsiann Nix Smith a 2022 Distinguished Alumna.
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