Kim Anderson says Wheat Prices Took a 77 Cent Drop This Past Week

Listen to Kim Anderson talk about the grain markets.

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. 

“What a difference a week makes,” Anderson said. “Look at this rain. It is just spectacular.”

Wheat prices have fallen about 77 cents this past week, Anderson said.

“You go up to Medford and look at what you can forward contract harvest delivery today- around $7.55 cents,” Anderson said. “That is 77 cents lower than it was last week when we were taping this show.”

Corn is down 28 cents, Anderson said, now sitting around $5.23.

“Bean prices are down about 50 cents,” Anderson said.

Looking at the crop condition report, Anderson also talked about how wheat crop conditions have declined considerably over the last couple of weeks.

This Week on SUNUP: 

  • Dave Lalman, OSU Extension beef cattle specialist, says cattle producers need to be aware of vitamin A deficiencies in their herds.
  • Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the latest rainfall totals and what the impacts were to our drought-stricken soils. State climatologist Gary McManus says these recent rains should make a dent in the drought picture, but more precipitation is needed. 
  • Kim Anderson, OSU Extension grain marketing specialist, explains why Russia has such a big impact on U.S. grain prices. 
  • Mark Johnson, OSU Extension beef cattle breeding specialist, answers questions about the upcoming Blueprint for the Future Cattlemen’s Conference.
  • SUNUP celebrates a very special milestone for our host, Lyndall Stout. Twenty-five years of television broadcasting!
  • Rosslyn Biggs, OSU Extension beef cattle specialist, discusses the recent case of Equine Herpes Mycloencephalopathy that was found at a Tulsa County horse show. 
  • Darren Scott, OSU Food Scientist, has information on modified atmosphere packaging.
  • Finally, with the recent devastating tornadoes in several counties, including Pottawatomie and McClain, Amy Hagerman, OSU Extension agricultural policy specialist, has information on resources available to assist those impacted by these storms. 

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