This week on SUNUP, OSU Agriculture Economist Dr. John Michael Riley discusses this week’s grain markets after the last WASDE report.
Riley said that there weren’t many surprises on the latest report. Wheat has been under pressure lately due to weak U.S. wheat exports, having dropped about forty cents after it surpassed the $6 mark. He said that winter wheat is about 25% planted nationwide, and 16% within the state.
About corn, he said that there is a very choppy market, despite alternately strong export numbers for U.S. corn. “That has helped boost the marketplace up about fifteen cents from the recent lows, but still only about three or four cents over the past few days.”
Soybeans are strong with nothing to pinpoint. Exports aren’t very strong, but prices are up about fifty cents from the recent lows.
“Cotton is also strong,” Riley said. “It has been working higher over the last few days. Some of that has to do with weakness in the dollar. Anytime we get a weaker dollar, we export so much of our cotton, that is benefits from those positive exchange rates.”
Riley also spoke about the Rural Economic Outlook Conference slated for October 16. Click the soundbar above to listen to his full commentary.
This week on SUNUP:
- Eric DeVuyst, OSU Extension agricultural economist, continues his discussion on the economics of hay, giving guidance on its relative value.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, shows how the recent rainfall impacted soil moisture. State climatologist Gary McManus analyzes how much rain fell in areas that needed it the most.
- SUNUP previews the upcoming Beginning Sheep Producer Field Day on Oct. 11 in Afton.
- Ty Gregson, OSU Extension opioid and substance use prevention specialist, discusses the tools and resources available to those needing assistance when it comes to mental health and farm stress. He also reminds viewers that the 988 mental health helpline is free and available to everyone.
- Kris Hiney, OSU Extension equine specialist, has drought management tips for horse owners. She also has suggestions for avoiding blister beetles.
- John Michael Riley, OSU Extension agricultural economist, says soybeans are performing well in the market. He also has the latest on wheat, corn and cotton prices.
- Registration is now open for the Rural Economic Outlook Conference on Oct. 16 in Stillwater.
- Mark Johnson, OSU Extension beef cattle breeding specialist, looks at ways to add value to your cull cows.
- Dave Lalman, OSU Extension beef cattle specialist, tells us why we should ride an ATV or walk to the pasture to check on new calves rather than drive the feed truck.
- Finally, Marley Beem, OSU Extension aquaculture specialist, explains why fish kills happen in ponds and how you can prevent them.
Oklahoma Agriculture Starts at SUNUP!
Weekly Statewide Broadcast: Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
Stream Anytime: YouTube.com/SUNUPtv
