This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about a wheat market update.
The first month of the 2023-24 wheat marketing year has been completed, Anderson said, and there are some lessons to be learned from wheat price patterns from January through May and for the month of June.
Going back to January, Anderson said wheat prices were between $7.50 and $8.00. Those prices moved up to around $8.40.
“We saw quite a bit of volatility in the first six months,” Anderson said. “The average price was $7.85. A single day price move up or down was plus or minus 45 cents, and the average daily price move was 12 cents.”
Anderson said a price above eight dollars would be considered a relatively good price. The big moves in prices up and down, Anderson said, can indicate how farmers should sell their wheat. Anderson suggests writing down a plan and sticking to it when it comes to selling dates.
“It tells you that with this price variability, we need to stagger that wheat into the market,” Anderson said.
This week on SUNUP:
- Rosslyn Biggs, OSU Extension beef cattle specialist, has new information regarding newly placed livestock checkpoints at the Oklahoma/Texas border.
- Kim Anderson, OSU Extension grain marketing specialist, discusses the 2023 marketing year for wheat.
- Mark Johnson, OSU Extension beef cattle breeding specialist has information on how to manage heat stress in cattle, then discusses the benefits of early weaning during hot temperatures.
- Dave Lalman, OSU Extension beef cattle specialist, explains how the Oklahoma Gold Program can be useful for fall-born replacement heifers.
- Shannon Ferrell, OSU agricultural law specialist, says it’s important for producers to focus on their mental health, given all the challenges many faced this past year.
- Laura Goodman, OSU Extension rangeland specialist, explains the dangers of curly dock.
- Finally, SUNUP takes a look back at a workshop about managing mass loss in livestock.
Watch SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
