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.
“Not much going on in the crop and cotton markets this week,” Anderson said.
In the Pond Creek and Medford area, Anderson said 2023 wheat is forward contracting for $8.50. That price went down slightly at the end of the week, he added.
“If you go to the panhandle, you can add a dime or so to that for eight and a quarter,” Anderson said. “Go down to I-40 Weatherford area, take off about 15 cents for eight-dollar wheat, and if you go down to Snyder and Altus, you will need to take off about 30 cents or around $7.85 per bushel.”
For the 2023 harvest delivery, Anderson said corn is around $5.40.
“Go down to beans (soybeans), it has just been flat,” Anderson said. “For bean prices not to move much is unusual, but there is just not much going on in those markets at $12.30.”
There are still issues in Russia, Anderson said, as they have a significant amount of wheat in storage that needs to be moved onto the export market.
“Of course, they are always messing with that Ukraine-Russian export agreement,” Anderson said. “They stopped inspecting ships for several days and resumed the latter part of this week, and naturally, that is going to have some impact on our prices because it increases the risk, and when you increase risk, you increase the price a little bit.”
The big news in the Southern Plains, Anderson said, continues to be drought.
“If you are looking at crop production for the next marketing year, last year Oklahoma only produced 67 million bushels with a 95-million-bushel average,” Anderson said. “I think we could possibly have 75, 80 at the most million bushels this year for Oklahoma.”
This week on SUNUP:
- Alex Rocateli, OSU Extension forage specialist, has advice for managing Bermuda grass pasturesduring the spring and summer months.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the rainiest months of the year in Oklahoma and how certain areas differ from one another. State climatologist Gary McManus predicts another hot summer could be in our future.
- SUNUP learns what makes Tammy Lee a 2022 OSU Distinguished Alumna.
- Kim Anderson, OSU Extension grain marketing specialist, discusses the USDA’s latest crop conditions report.
- Mark Johnson, OSU Extension beef cattle breeding specialist, explains why selecting the right cow for your herd is so important.
- SUNUP travels to Grady County to meet with a producer and see how his wheat crop is progressing.
- With the recent devastating tornadoes, SUNUP has information about the OSU Extension Emergency and Disaster Preparedness resourcesto assist those affected by these storms.
- Finally, Dr. Damona Doye, OSU Extension associate vice president, has information on the upcoming OSU Agriculture Field Days.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
