Kim Anderson talks Lower Wheat Prices and Movement in Grain Markets

Listen to Kim Anderson talking about the grain markets on OSU’s SUNUP.

This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the different factors impacting the grain markets this week.

“You look at wheat prices, they took a beating this last week,” Anderson said. “Go back to the September time period, we had wheat prices up $9.75, came into September and October, and leveled off around $8.50.”

Now, Anderson said wheat is down around $7.70, depending on the area.

“If you look at this past week, we had the seedings report come out,” Anderson said. “Increased planted acres for your winter wheat crop.”

Anderson said Australia is harvesting a 1.5-billion-bushel wheat crop, ahead of their record last year of 1.34 billion bushels. Australia is having some issues with quality, Anderson said, as it started raining when they got into the harvest.

Fertilizer prices are starting to come down, Anderson said, although that will vary depending on the region.

This week on SUNUP: 

  • Brian Arnall, OSU Extension precision nutrient management specialist, has guidance on whether to apply fertilizer to wheat this winter. 
  • Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses La Nina’s impact on winter temperatures. State climatologist Gary McManus looks at the observed water accumulation from the past three months and updates the latest drought monitor map. 
  • Becky Carroll, OSU Extension fruit and pecan specialist, looks back at the 2022 pecan crop and invites viewers to the upcoming 2023 Pecan Pest Management workshop.
  • Mark Johnson, OSU Extension beef cattle breeding specialist, discusses the importance of colostrum during the first 12 hours after a calf is born. 
  • Kim Anderson, OSU Extension grain marketing specialist, explains why world wheat exports have been on a steady decline. 
  • Finally, a heartwarming story about Lenny Hughes, a landscape architect who’s helping ensure all children can enjoy themselves on the playground. Hughes is a distinguished alumnus of the Ferguson College of Agriculture

Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv

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