This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest in the commodity markets.
Regarding the February WASDE report, Anderson said there were not any big surprises in the supply and demand numbers.
“Minor changes on corn, wheat, beans and cotton,” Anderson said. “All the reports were just almost exactly what we had in the January report.”
The wheat price outlook, Anderson said is around what would be expected over the last couple of months. Anderson said in northern Oklahoma, forward contract prices for harvest are around $8.15. In the panhandle, he added, forward contract prices are around $8.20.
The Covid pandemic and the war in Russia and Ukraine have increased wheat forward contracting prices for wheat, Anderson said, although the impacts from Covid in the market have started to wear off.
“I think the Russian and Ukraine war, with the amount of wheat and the little bit of corn coming out of there, they are definitely going to have an impact on prices,” Anderson said.
Anderson said the war is not expected to end anytime soon, so he recommends producers continue to put their best foot forward, focus on yield, and the price will take care of itself.
This week on SUNUP:
- Alex Rocateli, OSU Extension forage systems specialist, discusses planting spring oats as a forage option.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, shows the rainfall accumulation and fractional water index maps. Then, Gary McManus, state climatologist, has the new drought monitor.
- Eric DeVuyst, OSU Extension Farm & Ranch Management Specialist, has guidance on the financial consequences of grazing wheat past first-hollow stem.
- Kim Anderson, OSU Extension grain marketing specialist,analyzes the latest WASDE report, as well as current and forward contract wheat prices.
- Mark Johnson, OSU Extension beef cattle breeding specialist, asks producers whether it’s time to reprogram herds after years of challenges.
- A reminder about the national 988 Suicide and Crisis Lifelineand OSU Extension’s farm stress resources.
- In Vet Scripts, Barry Whitworth DVM, OSU Extension Food & Animal Quality Health Specialist, offers advice on purchasing chicks and using biosecurity measures for backyard chicken flocks.
- Finally, OSU turfgrass variety Tahoma 31 is installed for the Super Bowl game at State Farm Stadium in Glendale, Arizona.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
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