Kim Anderson Gives Crop Market Update in the Midst of a Few Uncertainties

Listen to Kim Anderson talk the latest on the crop markets.

This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, with an above average amount of uncertainty in the market lately, Anderson talks about the latest information in the grain markets.

“Some of the uncertainty is the financial risk that is going on, but that is mostly in the financial markets,” Anderson said. “I don’t think it has bled over into the crop markets very much.”

Brazil is seeing record soybean and corn production, Anderson said, and may become the number one exporter of corn this year. China, he added is speculated to be importing corn from Brazil relative to the U.S.

“You’ve got the drought in Argentina, you have got the record crops in Australia, and of course you have got the war,” Anderson said.

There is some protection for producers for yield and price, Anderson said, with the crop insurance program. Sign up ended on March 15 for the summer crops and the wheat, he added.

Guaranteed price wheat is $8.77, Anderson said, and corn is $5.91. Grain sorghum is $5.84, and soybeans are $13.76 and cotton is 84 cents.

“Yield risk protection is going to depend on the percentage that producers bought, but like I said, those insurance contracts are closed, but that protection is there for producers,” Anderson said.

This week on SUNUP: 

  • Paul Beck, OSU Extension beef cattle specialist, says cases of bloat in cattle are on the rise and producers need to be on the lookout. 
  • Wes Lee, OSU Extension Mesonetagricultural coordinator, looks back at the last freeze dates from the past few years. State climatologist Gary McManus says warmer temperatures are just around the corner. 
  • Derrell Peel, OSU Extension livestock marketing specialist, explains why consumers can expect to see higher beef prices for the next few months. 
  • Kim Anderson, OSU Extension grain marketing specialist, discusses Russia’s role in the world wheat market. 
  • Mark Johnson, OSU Extension beef cattle breeding specialist, explains the importance of having enough bulls during the breeding season. 
  • Edmond Bonjour, Oklahoma Agricultural Leadership Program director, talks about the group’s recent international trip and encourages people to apply for OALP Class XXI
  • Finally, Barry Whitworth, OSU Extension southeast area food and animal quality health specialist, says changes to over-the-counter livestock medications are on the horizon. 

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

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