More Selling Tips for Wheat Producers from Kim Anderson as Prices Sit Above Average

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

This week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about tips for selling wheat and the crop markets.

“We had a good run up in wheat at about $1.85,” Anderson said. “Everybody is excited. It has backed off about 35 to 40 cents- somewhere around $6.50 per bushel in Pond Creek. It will be about 40 cents less down in the Altus/Snyder area, or if you go up to Weatherford, probably 30 cents less. The panhandle is 10 cents less.”

During the June through August time period, Anderson said the average price for winter wheat in Oklahoma is $5.80. Currently, the price is above average, and the stocks-to-use ratio for the U.S. and the world is at about average.

For 2024 harvested corn, Anderson said there was a good rally, putting corn at $4.75. Now, 25 cents has come off of that price, putting it around $4.40. The average price for corn in Oklahoma is $4.80.

Anderson said soybeans are at $10.80, which is the average price for Oklahoma. Cotton prices have fallen in the last couple of weeks, Anderson added.

Regarding wheat harvest, Anderson said rains have slowed things down a bit, but when harvest began, things were ahead of schedule.

“I think harvest has come along relatively well,” Anderson said.

As always, Anderson recommends producers sell their wheat during the June through August time period.

This week on SUNUP:

  • Amanda Silva, OSU Extension small grains specialist, explains how much the recent rains have slowed down wheat harvest.
  • Wes Lee, OSU Extension Mesonet agricultural coordinator, analyzes the soil moisture and saturation across the state. State climatologist Gary McManus says northwestern Oklahoma is still in severe drought.
  • Derrell Peel, OSU Extension livestock marketing specialist, says the recent widespread rain has given pastures a much-needed boost.
  • Mark Johnson, OSU Extension beef cattle breeding specialist, discusses new developments in the science of livestock gene editing.
  • Kim Anderson, OSU Extension grain marketing specialist, continues his discussion on the best times to sell wheat during this year’s harvest.
  • SUNUP is in Oklahoma County to talk with Courtney Brown, OSU Extension ag leadership specialist, and others about a program  to get young people interested in agriculture and a better understanding of where their food comes from.

Oklahoma Agriculture Starts at SUNUP!

Weekly Statewide Broadcast: Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)

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