This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest WASDE (World Agricultural Supply and Demand Estimates) and Crop Production report released by USDA.
While Anderson did not have a pre-release estimate for world production, he said that number came in at 29.3 billion bushels. Last year, he said it was at 29.4 billion bushels.
“Less wheat worldwide than projected last year, “Anderson said.
Anderson said the U.S. estimate for wheat was well above trade expectations.
“We had above expectations for wheat production but still relatively low production and ending stocks,” Anderson said.
Hard red winter wheat ending stocks were at 277 million, Anderson said, and ending stocks were at 270 last year.
Forward contracting for the 2024 crop, Anderson said, is around seven dollars.
“If you look at those numbers, I think we are probably in the area where we should be, but we will have to wait and see what happens,” Anderson said.
Regarding the USDA’s crop production report estimating Oklahoma’s wheat production at 70.2 million bushels, Anderson said his estimate in March was around 74 million bushels.
“70.2 million for Oklahoma for this year compared to 68.6 last year is still well below that 95-million-bushel average,” Anderson said.
This week on SUNUP:
- Brian Arnall, OSU Extension precision nutrient management specialist, discusses the signs of nutrient deficient corn.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, says the soil moisture picture is looking great, but are changing fast now that hot weather has arrived.
- Josh Lofton, OSU Extension cropping systems specialist, gives an update on how summer crops are looking in the state.
- We take a look at how far along wheat harvest is in the state.
- Kim Anderson, OSU Extension grain marketing specialist, breaks down the latest WASDE report.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses creep grazing.
- Darren Scott, OSU food scientist, explains why it’s important to always wash your fresh fruits and vegetables.
- SUNUP previews the upcoming 2023 Women in Ag Conference.
- Finally, Marley Beem, OSU Extension aquaculture specialist, discusses the influx of water in drought-stricken ponds.
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