This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about what the commodity markets are looking like one month into the new year.
“In Oklahoma, our wheat is 34 percent poor to very poor, 39 percent fair and good to excellent is only 17 percent, and that is all over the hard red winter wheat area, so our crop conditions are on the bottom side of that limit,” Anderson said.
Anderson said the value of the dollar against other currencies has decreased recently and the price of nitrogen has taken a dramatic drop. Between now and harvest, Anderson said he will be keeping an eye on the value of the dollar, and hopefully it will continue to come down to help exports.
“Of course, wheat stocks are tight in the United States and they are tight around the world,” Anderson said. “You got the poor crop conditions, so we are going to watch rain.”
It would be great if we could get rid of the drought, Anderson said, but wheat can still be produced well if rain comes at the right time.
Australia wheat production was at a record 1.35 billion bushels compared to 900 million for an average, Anderson said, and in the midst of drought, Argentina yielded a 460-million-bushel wheat crop, Anderson said, and their average is 700 million
“This past couple of weeks, Russia has stopped the inspections for Ukrainian wheat moving out,” Anderson said. “Russian wheat is moving and Russia has got a record crop to move on the export market so we will watch how that is coming out on the market.”
This week on SUNUP:
- Janice Hermann, OSU Extension adult and older adult nutrition specialist, explains why it’s important to stay hydrated during the winter months.
- Wes Lee, OSU Extension Mesonetagricultural coordinator, discusses the recent cold spell and says warm weather is on its way for next week. State climatologist Gary McManus updates the latest drought monitor and predicts increased odds of precipitation for February.
- Roger Sahs, OSU Extension enterprise budget and land values specialist, has information on a new fact sheet that examines wheat graze out versus wheat harvest for grain.
- Derrell Peel, OSU Extension livestock marketing specialist, breaks down the USDA’s latest cattle inventory numbers.
- Kim Anderson, OSU Extension grain marketing specialist, says only a small percentage of the 2023 wheat crop is in good condition, but all it takes is a little rain to help it along.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses calf scours.
- Finally, after both NFL Conference Championship games were played on turfgrass developed by OSU scientists, we take a look back at what it took to develop the bermudagrass varieties.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
