This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson discusses movement in the crop markets from the past few weeks.
“If you look at wheat, corn, and beans, they have been going in the tank during January,” Anderson said.
Going back to December, Anderson said wheat was priced around $5.75 to $6.00. During January, Anderson said wheat has dropped to about $5.45, and is back up to about $5.70.
Corn in December was around $4.70 to $4.75 and fell to $4.27 in the month of January. It has risen about 10 cents as of now, he added.
Looking at soybeans in December, Anderson said they were close to $12.50 to $12.75 and fell to $11.53 for the month of January. Soybeans have picked up to around 30 cents now, he added.
The reason for these price declines, Anderson said, is because of supply and demand. Stocks-to-use ratios are predicted to be near last year’s averages, Anderson said, but there is more wheat now than can be put on the market.
Anderson said wheat in Oklahoma can be forward contracted for around $5.77 per bushel.
This week on SUNUP:
- Dave Lalman, OSU Extension beef cattle breeding specialist, has advice for mineral supplementation this winter, and he also discusses the OSU Extension tools that can assist cattle producers with this.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, shows how all the rain, snow and ice impacted the soil moisture maps. State climatologist Gary McManus says all that moisture is alleviating drought in many areas.
- Rosslyn Biggs, OSU Extension beef cattle specialist, explains the health issues that can occur when newborn calves are exposed to cold temperatures, and she gives tips on how to protect those calves.
- Derrell Peel, OSU Extension livestock marketing specialist, says the recent extreme temperatures in the country could negatively impact prices.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses the value a good bull has to cattle productions.
- Kim Anderson, OSU Extension grain marketing specialist, predicts what harvest prices will hold for wheat, corn and soybean.
- Finally, SUNUP finds out what makes Andy Cole a 2023 OSU Distinguished Alumni.
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