This week on SUNUP, OSU Agriculture Economist Dr. John Michael Riley discusses the highs and lows of current grain and cotton markets.
Riley said that all grain markets have been down a bit, likely due to the welcomed rainfall across most of the major growing areas. To the markets, it means that current wheat and next year’s spring crops might be better than anticipated before the much-needed moisture came.
He said that wheat planting in Oklahoma is 95% complete, and the nation’s crop is 97% complete. Eighty-nine percent of the Nation’s wheat crop has emerged, and in Oklahoma, 80 percent is up.
“Those are significant improvements from what we were thinking it was going to be and where we were just a couple of weeks ago,” Riley said.
Wheat crop conditions in the state are about 16% poor to very poor and 48 percent good to excellent.
“That is a vast improvement from where we were, and it has put a little bit of pressure on prices,” he added. “The futures market is down about twenty-five cents at about $5.50 right now from the last time we talked. The improvement in conditions is what is driving that.
Riley continued to discuss the market conditions of cotton, soybeans, and corn. Click the listen bar at the top of the page to listen to the complete audio report.
This week on SUNUP:
- Rosslyn Biggs, D.V.M., OSU Extension beef cattle specialist, discusses the recent news of highly pathogenic avian influenza detected in a commercial flock in Adair County. She encourages viewers to follow biosecurity best practices with their flocks and to consider taking the OSU Extension Backyard Chickens Online Course.
- Derrell Peel, OSU Extension livestock marketing specialist, explains how markets are reacting to the avian influenza situation before discussing the news of the discovery of the New World screwworm discovery in Mexico.
- SUNUP viewers are encouraged to give feedback about the show in the annual SUNUP survey.
- Gary McManus, state climatologist, discusses the rainfall for November, which had a big impact on the drought monitor, though some of that progress is receding
- John Michael Riley, OSU agricultural economist, says the crop markets are in the regular early wintertime lull.
- Mark Johnson, OSU Extension beef cattle breeding specialist, explains why monitoring nutritional requirements for cows in the different stages of gestation is important.
- SUNUP previews the upcoming feeder calibration clinics in Woods County.
- Joy Rhodes, Garfield County OSU Extension FCS/4-H educator, shows us the healthy living program activity designed for the 55 and up age group.
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
