This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson gives an overview of markets in 2022 and talks about the new year.
“Most Oklahomans have sold their 2022 crop, Anderson said, so many do not feel the need to continue to watch crop prices.
“Today’s price is the best predictor of the price in the future,” Anderson said.
Looking back on 2022, Anderson gave an overview of how those commodity prices moved throughout the year.
Next week, Anderson said the USDA will release the seeded acres report for winter wheat and canola and the first WASDE of the year will we coming out. While many are talking about the impacts of the war in Russia and Ukraine, weather, the Black Sea area, and more, Anderson said using resources such as these reports is useful as well in determining market conditions.
“We are in a weather market,” Anderson said. “We are watching the world weather, and in the United States- especially in this area, we have got drought problems.”
Current crop prices are higher than usual, Anderson said, because stocks around the world are relatively high, and input prices are high as well.
“The market has got to set the price high enough to pay for production so that we will have commodities to consume,” Anderson said.
This week on SUNUP:
- Dave Lalman, OSU Extension beef cattle specialist, discusses ways to manage ponds and other water sources over the winter. Dave also mentions the low-cost water testing services available through local county OSU Extension offices.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, compares last year’s rain and temperatures to the 30-year averages. State climatologist Gary McManus says Oklahoma starts off the year with 90% of the state still in drought. The data also shows Goodwell had its driest year ever.
- Gary Strickland, Jackson County OSU Extension director, has an overview of cotton harvest and invite’s SUNUP viewers to the upcoming Red River Crops Conference.
- Kim Anderson, OSU Extension grain marketing specialist, talks about the current markets and why some crops are priced higher right now.
- Mark Johnson, OSU Extension beef cattle breeding specialist, offers guidance on the equipment and materials producers should have on hand during spring calving season.
- In Naturally Speaking, Dwayne Elmore, OSU Extension wildlife specialist, has tips on creating great quail habitats.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
