This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the impact of the Israel-Hamas war on the market and current prices.
Anderson said in his opinion, the Israel-Hamas war has had zero impact on prices, although the war does increase the risk of something happening.
“When you increase risk, you have a tendency to decrease prices just a little bit, but for all practical purposes right now, I don’t think there is going to be any impact,” Anderson said.
Wheat prices in northern Oklahoma are around $6.10, Anderson said, and close to $5.80 in southern Oklahoma.
“Not much is going on in the wheat market right now, but prices are flat,” Anderson said.
The world stocks-to-use ratio for wheat is projected to be about 33 percent, Anderson said, and the average is 35 percent.
“Both world and U.S. stocks are tight,” Anderson said.
The average winter wheat price is $5.85 in Oklahoma, Anderson said, and prices now are slightly above $6.00.
“I am kind of optimistic with wheat,” Anderson said.
This week on SUNUP:
- Kris Hiney, OSU Extension equine specialist, discusses the recent cases of Equine Infectious Anemia in Oklahoma.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, looks at the average air temperatures for last spring and summer. State climatologist Gary McManus says drought is worsening, but widespread rainfall could be coming next week.
- SUNUP returns to the recent 2023 Rural Economic Outlook Conference to talk with meteorologist Brian Bledsoe about the possibility of La Nina returning next year.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses the money-saving opportunities through effective feeding.
- Kim Anderson, OSU Extension grain marketing specialist, explains whether there’s been any impact on prices from the conflict in the Middle East.
- Finally, SUNUP takes a close-up look at what it takes to compete in the Cowboy Stampede Rodeo.
Watch SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
