OSU’s Kim Anderson Discusses USDA Planted Acreage Estimates and Latest Market Prices

Listen to OSU’s Kim Anderson talk about the latest in the grain markets on SUNUP.

This week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the USDA’s Prospective Plantings release and the crop prices.

“Those numbers set the foundation for the ’24 and ’25 marketing year for all of the crops,” Anderson said. “When we get the planted acres estimate, that limits the top side of production and it also sets a boundary for the bottom side, so it is a starting point. It is a starting point we have to have.”

Compared to the 2023 report, Anderson said the estimated acreage for corn in Oklahoma was slightly lower. For soybeans, Anderson said the estimates were higher.

Hard red winter wheat saw an increase in planted acres in the U.S. and in Oklahoma, Anderson added. Cotton saw an increase in estimated planted acreage as well.

Anderson said the numbers in the Prospective Plantings report did not have much of an impact on prices.

“Really no movement at all in the crop prices,” Anderson said.

This week on SUNUP: 

  • Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses soil moisture levels and how the latest storms impacted them. State climatologist Gary McManus says drought is expanding in northern and western Oklahoma. 
  • Amy Hagerman, OSU Extension agricultural policy specialist, puts a dollar amount on the recent wildfires. 
  • Rosslyn Biggs, OSU Extension beef cattle specialist, explains why animal stewardship is important to the cattle industry. 
  • Finally, Kris Hiney, OSU Extension equine specialist, has tips for transitioning horses from dormant to green pastures. 

 Watch SUNUP:

Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv

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