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 grain markets and prices and says Black Sea Exports are driving the market, “You’ve got to look at what’s going on in the Black Sea, especially Russia. If you look at the exports for wheat, 21% of all wheat exported around the world is from Russia. Ukraine is around 6% now, and Kazakhstan is around 5%. That means almost a third of all exported wheat comes into the Black Sea area.” Anderson says Russia is very unpredictable, ” Two national grain firms pulled out of Russia; they’re no longer going to export Russian wheat.” Anderson says this gives Putin More power in controlling Wheat because he has control of more wheat.
Anderson said Weather will also be a driving factor, ” You’ve always got to look at the weather. You’ve got to look at the 90-day forecast; you’re looking for above-average temperature and about average to below-average precipitation, not good for wheat yields, especially in the hard red winter wheat area.
When it comes to the Wheat Crop, Anderson said to the USDA Crop Condition Report Winter Wheat is the worst it’s been since 1996, “The Good to Excellent is 28%, Last year it was 30%. November is 34%, and remember, it was relatively bad last year. You look at poor to very poor, 36% Same as last year, 26% In November, so it’s gotten worse.” Anderson said Kansas and Oklahoma are not looking very good either, ” In your hard red winter wheat area, crop conditions are worse than soft red winter wheat. On the market, About 67% of your winter wheat is hard red, and about 20-25% is soft red. In Kansas, 16% is Good to Excellent, and 57% is Poor to very poor. Oklahoma 26% and 40%. So our crop conditions are worse than last year. And remember, last year Oklahoma only harvested 73 million bushels.”
This week on SUNUP:
- Brian Arnall, OSU Extension precision soil nutrient management specialist, has guidance for producers when it comes to managing their pastures this spring.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the recent windy start to April and how it compares to this time last year. State climatologist Gary McManus says drought is expanding throughout the state.
- Amanda de Oliveira Silva, OSU Extension small grains specialist, says the wheat crop in several areas of the state is in dire need of rainfall.
- Kim Anderson, OSU Extension grain marketing specialist, breaks down the USDA’s latest crop progress report.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses pasture management in regard to nitrogen applications.
- Finally, we learn what makes Professor Carl Whitcomb an OSU Agriculture Champion.
