This week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest in the crop markets.
“This was a good week in the markets, just like the week before,” Anderson said. “Prices have continued to go up.”
Anderson said forward contracts for the wheat crop got up to $6.35, corn prices have been around $4.60 despite an excess of corn, and soybeans have rallied back up to $11.50.
“It’s a spring rally,” Anderson said. “Nearly every spring, normally it’s in April, we get a little rally in prices. People get excited the winter is over. We’re getting planted. We got a better handle on planted acres of wheat, corn, beans, cotton, and what’s going on. And it looks good relatively right now.”
Anderson recommends watching production and stocks to use ratios.
“As those numbers change (stocks to use rations), those prices are going to change,” Anderson said.
This week on SUNUP:
- Dave Lalman, OSU Extension beef cattle specialist, shares a story about how even the most seasoned rancher can learn a thing or two about the ranching business and managing a first-calf heifer.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses Mesonet tools available for determining fertilizer drift. State climatologist Gary McManus says encroaching drought is now receding.
- Derrell Peel, OSU Extension livestock marketing specialist, says the latest trade data suggests beef exports are down eight percent year-over-year.
- Mark Johnson, OSU Extension beef cattle breeding specialist, explains how foot rot occurs in cattle and how to avoid it.
- Darren Scott, OSU food scientist, discusses the history and ingredients of kimchi and how it’s made.
- Kim Anderson, OSU Extension crop marketing specialist, analyzes the May WASDE report and the recent price increases.
- Finally, SUNUP returns to the recent Chickasha Wheat & Forage Field Day to get a look at wheat variety research that will soon be in the hands of producers.
