This week on SUNUP, OSU Agriculture Economist Dr. John Michael Riley discusses the highs and lows of current grain and cotton markets.
Recently heavy rains have fallen across much of the state. Riley said, “If you look at mesonet maps, depending where you are at, anywhere from one to two inches all the way up to possibly six inches have fallen.”
He admitted that while it was a blessing to receive, the force and volume of it may feel like a curse for some.
The corn harvest is almost over, and soybeans are still needing to be harvested despite the soggy ground. The nation’s wheat is 87% planted and Oklahoma’s wheat is only 72% planted. While it is getting late in the season, Riley mentioned that wheat is a hardy crop.
“Wheat conditions right now are pretty poor across the state and the U.S.,” Riley said. “We were in the midst of those rains when the date was being listed for the Crop Progress report that was released on Monday so we will certainly see how things change moving forward.”
He went on to discuss more about the harvest of summer crops in the state and nation. To hear the whole conversation, click the listen bar at the top of the page.
He said that the markets have been down and have remained down for some time. He said that the rain is putting pressure on wheat markets. He added that across the state, cash grain prices are near normal for this time of year. Wheat, Corn, and Soybeans are about 10 cents below normal relative to futures markets.
This week on SUNUP:
- Amanda Silva, OSU Extension small grains specialist, discusses the recent, much-needed rainfall and has guidance for producers who haven’t planted their wheat yet.
- State climatologist Gary McManus shows viewers how the recent rains impacted the drought situation in the state.
- SUNUP travels to Major County to meet a woman who’s made it her mission to offer the Fairview community something that was missing: coffee!
- Mark Johnson, OSU Extension, beef cattle breeding specialist, discusses two measurement practices for determining the performance of your herd.
- John Michael Riley, OSU agricultural economist, says the majority of Oklahoma’s summer crops are in the bin, but the recent rains have kept soybean producers out of the fields.
- Finally today, SUNUP finds out what makes Harvey Schroeder a 2024 OSU Agriculture Champion.
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
