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.
China is in the middle of their wheat harvest, Anderson said, and they have been dealing with heavy rains and hail.
“A good third of their crop is lying down on the ground,” Anderson said. “It is sprouting, and they are looking at losing a significant amount of wheat.”
The biggest news is Russia’s wheat crop, Anderson said, as their production numbers continue to increase.
“Argentina, of course, has some drought,” Anderson said. “They have gotten rain. Their production is questionable.”
Recent rains in Oklahoma have helped those good to excellent winter wheat crop conditions increase significantly over the past few weeks.
“A couple of weeks ago, I was at a harvest price average of $7.75,” Anderson said. “I think I am going to lower that to $7.50. If you look at this volatile range, it is about plus or minus 75 cents, so that gets us $6.75 to $8.25 with an expected of $7.50.”
This week on SUNUP:
- Brett Carver, OSU wheat genetics chair, continues his wheat variety discussion from the 2023 Wheat Field Day at Lahoma.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses how western Oklahoma benefited from the recent rains.
- Derrell Peel, OSU Extension livestock marketing specialist, explains how drought improvements have impacted beef prices.
- Kim Anderson, OSU Extension grain marketing specialist, looks back at how wheat prices have fluctuated from February until now.
- Mark Johnson, OSU Extension beef cattle breeding specialist, talks with Frank Mitloehener, University of California-Davis Extension air quality specialist, about the positive impact the cattle industry can have on climate change.
- SUNUP has information about the first-ever confirmed case of chronic wasting disease in Oklahoma.
- Darren Scott, OSU food scientist, discusses the process of making vegetable oil.
- Finally, SUNUP takes a look at a special wheat herbicide trial that aims to keep weeds out of fields.
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Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
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