This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson discusses the price movements in the markets and more.
“Prices are starting to settle down a little bit,” Anderson said. “We had some sales at the beginning of the year, and there will be a few more coming in that might impact the prices.”
Wheat prices in Oklahoma now are around $5.75, Anderson said, and wheat can be forward contracted for $5.80 in northern Oklahoma, and about 30 cents less in southern Oklahoma. In the panhandle, Anderson said wheat can be forward contracted for about $5.85.
“Our next harvest coming up in the world will be India, Pakistan, and North Africa, but none of those countries export,” Anderson said. “The good news is, the U.S. winter wheat crop is the next crop to hit the export (market), so the market is going to watch that crop. They are going to look at the planted acres and they are going to look at crop conditions.”
Looking at corn prices, Anderson said they have bottomed out around $4.40.
“You can look at the forward contract for corn for 2024 delivery around $4.70,” Anderson said. “That is close to that average price for the corn harvest time period.”
Anderson also talked about fertilizer prices for winter wheat and said they have come down 20 to 30 percent from last year.
This week on SUNUP:
- Brian Arnall, OSU Extension soil nutrient management specialist, has guidance for fertilizer applications this winter.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the upcoming frigid weather that will be hitting Oklahoma soon. State climatologist Gary McManus compares the upcoming cold snap with extreme temperatures of February 2021.
- Kris Hiney, OSU Extension equine specialist, has tips for keeping horses warm and comfortable during the harsh elements of an Oklahoma winter.
- Derrell Peel, OSU Extension livestock marketing specialist, says temperature drops can impact many aspects of cattle production.
- Kim Anderson, OSU Extension grain marketing specialist, discusses the price movements in the fertilizer market.
- Finally, we catch up with Jason Warren, OSU Extension Agriculture and Natural Resources program leader, at the 2024 OSU Extension Biennial Conference.
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