This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about Oklahoma’s wheat harvest.
As the 2023 wheat harvest is underway, Anderson said the wheat is coming in looking relatively good.
“There are three problems with this harvest,” Anderson said. “One- production is well below average. Two- wheat prices have fallen off about $1.25 cents over the last week. Three- the farmers are selling this limited amount of wheat into a volatile market.”
Within 12 trading days, Anderson said $1.10 was lost, and it took 37 trading days to get that $1.10 back.
“In 11 trading days, we took $1.35 off of it,” Anderson said. “In 10 trading days, we added $1.60 back to that price, and then in ten trading days, we got back down to $7.25 where we are right now.”
Anderson said the best way to sell wheat in this volatile market is to stagger it into the market and sell it over time.
“Pick a day where you want to have all your wheat sold and set specific days you want to sell a certain percentage of it in that time,” Anderson said.
This week on SUNUP:
- With the first day of summer approaching fast, SUNUP is looking back at some of its favorite summertime topics starting with Justin Talley, OSU Extension livestock entomologist, who has information on how to keep those pesky Oklahoma insects away.
- Dwayne Elmore, OSU Extension wildlife specialist, discusses poison ivy and how to control the plant.
- Laura Goodman, OSU Extension rangeland specialist, explains how to identify poison hemlock and the dangers of coming in contact with it.
- Kim Anderson, OSU Extension grain marketing specialist, says the wheat harvest in Oklahoma has begun and shares information on how the crop is looking so far.
- SUNUP takes a look back at a western Oklahoma tradition, hunting rattlesnakes.
- Barry Whitworth, OSU Extension southeast area food and animal quality health specialist, discusses how to keep our pets cool in the hot days of summer.
- Marley Beem, OSU Extension aquaculture specialist, explains the difference between weeds and algal blooms in ponds.
- Finally, SUNUP revisits last year’s OSU Extension Cattlewomen’s Boot Camp event.
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
