This week on SUNUP, OSU Agriculture Economist Dr. John Michael Riley discusses the highs and lows of current grain and cotton markets.
When asked whether the turmoil in the stock markets have been affecting the crop markets, Riley said, “For the most part, at the agricultural farm level, we don’t always see that spill over into what we experience with our ag market prices. The biggest impact is how these events are playing into the value of our dollar.”
He said that cotton sees the most impact from the comparative value of the U.S. dollar against foreign currencies. Wheat and Soybeans are also impacted on a lesser scale as roughly half of each of those crops is exported each year. Very little corn is exported so it will be impacted the least.
He reported that cotton markets have improved over the last few days as the U.S. dollar has weakened.
Wheat increased $0.20 since last week, purportedly due to export optimism. In the latest USDA Crop Progress report, winter wheat conditions rated 46% good to excellent.
While corn markets have weakened some since early February, it still shows strength in opposition to soybeans.
Soybeans have fallen over the past few days. Global soybean supplies are strong, adding pressure to the market.
This week on SUNUP:
- Brian Arnall, OSU Extension soil nutrient management specialist, discusses topdress nitrogen management for the wheat crop this spring. Dr. Arnall also has tips for corn planting and preparing for summer crops.
- Kris Hiney, OSU Extension equine specialist, says now is the perfect time for pasture management for horse owners.
- State climatologist Gary McManus discusses the increasing drought and how that will impact wildfire potential.
- SUNUP invites viewers to check out the documentary about our sister show, Oklahoma Gardening, which is celebrating 50 years of broadcasting in Oklahoma.
- John Michael Riley, OSU agricultural economist, says the value of the U.S. Dollar impacts cotton prices the most.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses bull-to-female ratios as breeding season approaches.
- Finally, SUNUP travels to Poteau for a heartwarming story about how the LeFlore County OSU Extension office and the community organized a unique livestock show. The goal? To provide a sense of belonging and purpose to a group of children who are often overlooked.
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
