This week on SUNUP, OSU Agriculture Economist Dr. John Michael Riley discusses the highs and lows of current grain and cotton markets.
The recent Crop Progress Report showed that 60 percent of the wheat crop had heads, causing producers to hope for a pause in the recent precipitation event that has dumped record amounts of rainfall on certain areas of Oklahoma.
“You hate to say those types of things in Oklahoma at this time of year, but certainly, for wheat growers, it would be nice to slow it down so that wheat crop can finish up and we can finish the season strong,” Riley admitted somewhat regretfully.
Largely due to export conditions, wheat prices are down. “The most recent export reports that we are getting in are showing some signs of weakness. We’re about to end our current marketing year and shift into the new marketing year, so our current marketing year that we’re in is going to look really good with exports.”
He pointed out the multitude of movements in trade policy over the past month or so that will impact wheat prices in the coming market year.
He continued to discuss summer crop markets and planting conditions. Click the listen bar at the top of the page to hear the complete conversation.
This week on SUNUP:
- SUNUP is in Ottawa County to see the partnership between OSU and a local producer to help study wheat varieties in that part of the state.
- Brian Arnall, OSU Extension precision soil nutrient management specialist, says that with recent rains, producers should consider fungicide if they have good standing wheat in the fields. Dr. Arnall also has management tips for summer crops.
- In the Mesonet Weather Report, state climatologist Gary McManus looks at the soil moisture maps and predicts warmer weather is on the way.
- John Michael Riley, OSU agricultural economist, says China is one of the main importers of U.S. soybeans, and trade policy impacts that market.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses vaccination needles and which ones may best suit your operation.
- Ryan DeSantis, OSU Extension forestry specialist, explains why a wildfire can destroy one area of land, but not other areas nearby. Dr. DeSantis also has land management tips, especially for eastern redcedar.
- Barry Whitworth, OSU Extension veterinarian, discusses the importance of farm safety.
- Finally, Dave Lalman, OSU Extension beef cattle specialist, has a helpful tip for latching a wire gate.
