This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest commodity prices and various factors impacting the markets.
Starting with wheat prices, Anderson said they have been slowly moving down over the last two or three weeks. Now, Anderson said wheat prices are at $6.40 to $6.45.
In southern Oklahoma, Anderson said wheat prices are around $6.15.
“We have seen wheat prices inching their way lower, and I am concerned that they have broken a support level, and they may go further down,” Anderson said.
About 18 percent of Oklahoma’s winter wheat crop is in the ground, Anderson said, and forward contracting prices in the state are ranging from $6.30 and $6.45.
Corn prices are sideways, Andreson said, as harvested corn has been around $4.70 for the last couple of weeks. On soybeans, Anderson said 80 to 90 cents has been taken off the price in the past three or four weeks.
“I think they have stabled down there,” Anderson said. “We gained around five cents over the last week, down around $12.30 cents now.”
Cotton is making its way up in price, Anderson said, and is now up to around 88 cents on the futures contract- 85 cents for Oklahoma.
This week on SUNUP:
- Brian Arnall, OSU Extension precision nutrient management specialist, has fertilizer application guidance for both dual-purpose and grain-only wheat fields.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the continuing heat wave as we move into the fall months. Gary McManus tells us why widespread rain could be on its way.
- Derrell Peel, OSU Extension livestock marketing specialist, explains why feeder cattle numbers haven’t dropped much.
- Kim Anderson, OSU Extension grain marketing specialist, discusses 2024 forward contract prices for wheat.
- Darren Scott, OSU food scientist, tells the history of jack-o’-lanterns.
- SUNUP previews the upcoming Rural Economic Outlook Conference, the Native Pecan Field Day and pesticide disposal events.
- Finally, we head up to the Tulsa County Fair!
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Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
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