This week on SUNUP, OSU Agriculture Economist Dr. John Michael Riley discusses the highs and lows of current grain and cotton markets.
With the new Trump administration in place, grain markets have jumped since inauguration day.
“The next trading day, prices of the futures market jumped, and that flowed into cash markets,” Riley said. “As the futures markets went up, our cash markets here in Oklahoma went up about the same amount. Since then, it has fallen off a little bit, but our cash markets in Oklahoma have followed that same pace.”
Riley said it was difficult to tie the jump to the events of inauguration day; however, the dollar did weaken which generates optimism about the potential for exports in the grain markets.
“Over the last week, we have seen a 25-cent to 27-cent jump in wheat prices. Cotton prices really popped that same day. Both of those are very export heavy, and so it definitely helped that the dollar weakened,” Riley detailed.
On Wednesday, the MEDFORD had wheat prices at $4.98 per bushel, corn was $2.62, soybeans were at $9.66 per bushel, and nationally, cotton prices hovered around $0.70 per pound.
He went on to talk more about commodity basis. Click the listen bar at the top of the page to hear the complete audio report.
This week on SUNUP:
- SUNUP welcomes Daniel Adamson, the new OSU Extension soil and water conservation specialist. Dr. Adamson also gives a tutorial on how producers can find out what type of soil they have in their fields.
- Kris Hiney, OSU Extension equine specialist, discusses deworming options for horses.
- SUNUP bids a farewell to Marley Beem as he hangs up his OSU Extension aquaculture specialist hat and heads into retirement.
- John Michael Riley, OSU agricultural economist, says grain prices increased after the inauguration.
- State climatologist Gary McManus discusses the past two winters in Oklahoma and how much precipitation fell during those months.
- Mark Johnson, OSU Extension beef cattle breeding specialist, has information on how much a good bull is worth in 2025.
- Finally, a few highlights from this week’s Dean’s Dialogue series with Jayson Lusk. The special presentation featured the Oklahoma City National Memorial Museum’s Journey of Hope program and a heartfelt discussion with Oklahoma Secretary of Agriculture Blayne Arthur.
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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