This week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest crop prices and more.
Anderson said there has not been much change in the crop markets for the past few months.
“You have got wheat prices moving between $5.00 and $5.50,” Anderson said. “About $5.30 right in the middle of that range.”
Corn has been moving in between a ten-cent range, Anderson said, from $4.00 to $4.50.
“These prices are forward contract prices for the ’24 crop,” Anderson said. “These are not current prices. This is what we are going to get for crops we are putting in the field or have in the field now.”
Anderson said corn is forward contracting for about $4.40 and $4.50 now, and soybeans are forward contracting for around $11.10 and $11.20.
“The one thing we know about these prices is that something is going to happen in the market to make them pop out at either the top or the bottom,” Anderson said. “We hope it is the top, but you never know.”
Anderson said the release of USDA’s prospective plantings report and quarterly grain stocks report has some potential to impact prices.
“The market is going to take what they expected and compare it to what USDA said and that could potentially move the market,” Anderson said.
This week on SUNUP:
- Alex Rocateli, OSU Extension forage specialist, has tips on how to identify bermudagrass in pastures.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the data from the recent cold front. State climatologist Gary McManus looks at the recent rainfall amounts.
- Rosslyn Biggs, OSU Extension beef cattle specialist, says if you do not have vaccination plan for your herd, now is the time to put one together.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses the genetic differences among cattle breeds.
- Kim Anderson, OSU Extension grain marketing specialist, looks at the USDA’s recent release of their 2024 Estimated Crop Planted Acres report.
- SUNUP previews the upcoming Rancher’s Thursday Lunchtime Series.
- Finally, SUNUP finds out what makes the Stillwater FFA chapter a shining example of success.
Watch SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
