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.
Harvest is running a couple of weeks early, Anderson said, but weather conditions such as rain and humidity have slowed things down. If wheat protein comes in low, Anderson said he expects to see a protein premium this year.
Regarding the recent increase in wheat prices by $1.00 to $1.60, Anderson said Russia is a big contributor.
“The Russian wheat crop has been lowered,” Anderson said. “If you go back to the January and February period from 3.4 billion down to 3 billion. That is a 400-million-bushel decline in Russian production. 200 million in the last couple of weeks. 400 million is over half of the U.S. hard winter wheat crop. It’s had a big impact.”
As usual, Anderson recommends producers stagger their wheat in the market from June through August.
This week on SUNUP:
- Brian Arnall, OSU Extension precision nutrient management specialist, discusses technology available to producers that can make farming a little easier.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, says though it’s hard to complain about the rainy weather, it’s currently impacting wheat harvest. State climatologist Gary McManus explains why drought is worsening despite recent rains.
- Brett Carver, OSU wheat genetics chair, continues his annual wheat variety discussion at the 2024 Lahoma Field Day.
- Kim Anderson, OSU Extension grain marketing specialist, says wheat harvest is about 3 weeks early this season and protein is somewhat of a concern for this year’s crop.
- Mark Johnson, OSU Extension beef cattle breeding specialist, joins us from the annual Blueprint for the Future Cattleman’s Conference where he discusses genetics to improve profit potential.
- Finally, Josh Bushong, OSU area agronomist, explains why field days like Lahoma are important for wheat disease research.
Oklahoma Agriculture Starts at SUNUP!
Weekly Statewide Broadcast: Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
Anytime: YouTube.com/SUNUPtv
