This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about wheat harvest around the globe and gives an update on the grain markets.
“We have got about a 29.2-billion-bushel world crop being harvested and 1.73 billion here in the United States,” Anderson said. “We have harvested about 80 percent of what world wheat crop and the majority of U.S. wheat crop.”
Harvest starts around mid to late March, Anderson said, around India and North Africa. By the time June rolls around, Anderson said 25 percent of the world’s wheat crop has been harvested.
“That is mostly importing wheat countries rather than exporting countries,” Anderson said. “Then you have got a relatively large harvest in June, July, and August. When we get to September, we have got about 80 percent of the 2023 crop harvested, and it goes on out and moves to the southern hemisphere.”
Right now, Anderson said, all that is left to harvest is spring wheat in the northern hemisphere.
“Then we will move to Argentina and Australia and Southern Africa somewhere in late October, and it will go through October, November and December,” Anderson said.
For the last couple of weeks, Anderson said wheat prices have not been going up.
“Wheat prices stabilized down around $2.70 cents in northern Oklahoma,” Anderson said. “It is about 15 cents lower in the panhandle, and 20 cents lower down in southern Oklahoma.”
Forward contracting of 2024 wheat is around $6.55, Anderson said, and that price is a little higher in the panhandle, and about 20 cents lower in southern Oklahoma.
This week on SUNUP:
- SUNUP hits the road to Guymon to attend the Panhandle Crops Field Day!
- Josh Lofton, OSU Extension cropping systems specialist, explains how the sorghum crop is performing in the panhandle.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the recent heat wave and dry conditions. State climatologist Gary McManus predicts relief could be on the way both in cooler temperatures and widespread rainfall.
- Cameron Murley, OSU McCaull Research Station superintendent, explains what producers in the panhandle have been dealing with for the past year.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses anaplasmosis in cattle.
- Kim Anderson, OSU Extension grain marketing specialist, breaks down the latest movement in the crop markets.
- Finally, Paul Beck, OSU Extension beef cattle specialist, explains why there isn’t much of a difference in cattle management for producers in the panhandle.
Watch SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
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