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.
“I think there were some surprises in this WASDE, and that was that there were really no changes,” Anderson said. “You look at wheat; they increased ending stocks by about 15 million bushels. The Hard Red Winter Wheat ending stocks- they lowered about five million bushels.”
Anderson said that higher U.S. wheat ending stocks were offset by foreign ending stocks being lower by just a bit.
There was no change in U.S. corn and beans, Anderson said, and there was no movement in those markets after the report.
“In May, we could have a surprise because in May they release the ’23-’24 marketing year estimates,” Anderson said.
Regarding the wheat crop in Oklahoma, Anderson said if it is going in any direction, it is probably getting worse.
“The crop is just in bad shape,” Anderson said. “You have got little areas, little spots, that have gotten rain and the crops look relatively good. I talked to one producer, and he said it is too late for rain now.”
This week on SUNUP:
- Gina Peek, OSU Extension housing and consumer specialist, discusses how you can keep yourself and your family safe and prepared during the storm season.
- Wes Lee, OSU Extension Mesonetagricultural coordinator, explains the time of day tornados typically occur and has an overview of the state’s warning systems. State climatologist Gary McManus analyzes why conditions in Oklahoma become so ripe for severe weather in the spring.
- Amy Hagerman, OSU Extension agricultural policy specialist, has information on what to do if you and your family are impacted by severe weather.
- Kim Anderson, OSU Extension grain marketing specialist, looks at how the drought impacts crop conditions and prices.
- Derrell Peel, OSU Extension livestock marketing specialist, says the fed cattle market is at an all-time high.
- Mark Johnson, OSU Extension beef cattle breeding specialist, previews the upcoming Blueprint for the Future Cattlemen’s Conference.
- Finally, we take a look at what makes Ag Day at the Capitol such a fun event each year.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
