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.
Wheat prices have been moving around quite a bit this week, Anderson said, and finally stabilized. Anderson said he does not see that stability lasting very long.
“We are back down around $7.45 for harvest-delivered wheat,” Anderson said.
World wheat production is at a record 29.4 billion bushels, Anderson said, coming from a 29-billion-bushel record last year.
“We have lots of wheat around the world, so you look back at that price and it indicates to me there is some downside pressure there,” Anderson said.
Russia has plenty of wheat to put on the export market, Anderson said, which puts pressure on prices.
This week on SUNUP:
- Amanda De Oliveira Silva, OSU Extension small grains specialist, discusses how the recent rains are impacting wheat harvest. She also discusses new variety trial results.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, compares Oklahoma’s current soil moisture with last year’s. State climatologist Gary McManus shows the improvements in the latest drought monitor map.
- Justin Talley, OSU Extension livestock entomologist, talks about how to keep ticks and horn flies off your cattle herd this summer.
- Kim Anderson, OSU Extension grain marketing specialist, discusses the latest movements in the crop markets.
- Mark Johnson, OSU Extension beef cattle breeding specialist, explains how to properly manage cattle facilities.
- Finally, Marley Beem, OSU Extension aquaculture specialist, has six interesting pond facts.
Watch SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
