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 wheat markets.
Looking at wheat prices, Anderson said there has been quite a dip. Going back to June 1, Anderson said prices were around $7.50, then around mid-July, when Russia announced they were stopping exports out of Ukraine, the prices increase to $8.50.
“We have now taken about $1.40 off of that,” Anderson said. “I think it is important that we watch what is going on in Russia and Ukraine. I think right now what they are saying is that we are going to get that wheat out of there.”
Anderson said it is important to remember that the world is projected to harvest a record wheat crop of 29.3 billion bushels. The U.S. is projected to harvest around a 1.7-billion-bushel crop, which is above the last crop. Hard red winter wheat is estimated at 577 million, he added.
“Watch those numbers as that August 11 report comes out next week,” Anderson said.
Anderson said Drought in Europe, Africa, and Australia could impact prices going into the fall.
This week on SUNUP:
- Kris Hiney, OSU Extension equine specialist, discusses why blister beetles can pose a threat to horses.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, explains how many consecutive days we have had over 100 degrees so far this year. State climatologist Gary McManus says the drought outlook for the month of August shows more relief could be on the way.
- Janice Hermann, OSU Extension nutrition specialist, has information on Alpha-gal syndrome, commonly called the red meat allergy, that is caused by ticks.
- Kim Anderson, OSU Extension grain marketing specialist, discusses the latest movements in the corn and wheat markets.
- Mark Johnson, OSU Extension beef cattle breeding specialist, has heat stress management tips for cattle herds.
- Darren Scott, OSU food scientist, discusses the art of grilling.
- SUNUP gives information on Oklahoma’s 988 mental health helpline, and we also preview the upcoming canola production meeting.
- Finally, the benefits of food plots during dove hunting season.
Watch SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
