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 are down about $1.75 looking back to late July, Anderson said, and about 30 cents have been dropped in the past week or so.
“If you look at the average price over that period, it has been $7.60, and the current price is now down around $6.75,” Anderson said.
The country with the largest impact on the wheat market is Russia, Anderson said, because it is the largest exporter of wheat.
“Russia has 37 percent of the market, Canada 20 (percent), Australia 17 (percent), and the U.S. and Ukraine is about 8 percent,” Anderson said.
While Russia does have a large impact, Anderson said changes in any country are going to impact prices because it is a world market.
“If you are looking at risk and you have a problem in any country, it is going to be Russia or Canada,” Anderson said.
This week on SUNUP:
- Alex Rocateli, OSU Extension forage systems specialist, has guidance for producers planting alfalfa this August.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses new tools available on the Mesonet website. State climatologist Gary McManus says the heat is on its way back to Oklahoma, and a flash drought could result.
- Paul Beck, OSU Extension beef cattle specialist, explains the new FDA rules regarding reimplanting beef cattle.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses what to look for when buying calves.
- Roger Sahs, OSU Extension enterprise budget and land values specialist, has information on updated land values.
- Kim Anderson, OSU Extension grain marketing specialist, discusses which countries have the biggest impacts on the global wheat market.
- Finally, Kris Hiney, OSU Extension equine specialist, says although fall is almost here, heat stress is still a concern for horses.
Watch SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
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