This week on SUNUP, OSU Agriculture Economist Dr. John Michael Riley discusses the highs and lows of current grain and cotton markets.
Riley began with a review of last week’s WASDE report, and its sneak peek at the upcoming summer crops and a last look at winter crops before harvest.
“With regard to our wheat crop, ending stocks are expected to be 923 million bushels,” he said. “That is much higher than what the trade was expecting and flowing with what has been happening in the markets as of late – growing supplies, a lot of it weather driven, some of it export driven, but for the most part, ending stocks for wheat are expected to be higher than trade was expecting. That put some pressure on the market for the day, but for the most part, prices have been fairly steady throughout the month of May.”
Cash prices for wheat were $4.50 or more in the eastern part of the state.
Corn ending stocks are expected to be at 1.8 billion bushels, although trade expectations exceeded 2 billion. Soybean ending stocks were 295 million bushels, with trade expectations exceeding 300 million bushels.
“For the most part, a good day for corn and beans,” Riley said. “For the most part, prices were higher on the day, still we are looking at a much bigger crop compared to last summer, much of that is due to more corn acres and higher overall yield.”
He reported expected corn yield at 181 bushels per acre, and soybeans at 52.5 bushels per acre.
Soybean cash prices were in the mid to high $9 range, and corn ranged between $4.20 to $4.50, depending on location.
He went on to discuss crop basis, so click the listen bar at the top of the page to listen to Dr. Riley’s complete commentary.
This week on SUNUP:
- Josh Bushong, OSU Extension west area agronomist, discusses how the wheat variety trials are performing at the North Central Research Station at the 2025 Lahoma Wheat Field Day.
- Brett Carver, OSU wheat genetics chair, and SUNUP host Lyndall Stout have their annual wheat variety research showcase at the 2025 Lahoma Wheat Field Day.
- State climatologist Gary McManus discusses the recent severe weather, then shows us how much rain has fallen so far this May.
- Mike Schulte, Oklahoma Wheat Commission executive director, explains why field days like the one at Lahoma are so important.
- John Michael Riley, OSU agricultural economist, says there are more corn acres in the state, which means there should be a higher yield for harvest.
- Mark Johnson, OSU Extension beef cattle breeding specialist, discusses a few new EPDs (expected progeny differences) that will soon be available to cattle producers.
- SUNUP previews the upcoming AgricultHER Conference.
- Finally, Liberty Galvin, OSU Extension weed scientist, has a demonstration that shows how herbicide injury can happen in wheat fields.
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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