This week on SUNUP, OSU Agriculture Economist Dr. John Michael Riley discusses the latest WASDE report.
On corn, Riley noted a national yield of “186.7 bushels per acre… the trade was looking for that to be a little bit lower, and I think there is still an expectation that that is going to drop.” He reminded listeners that “a big jump in that yield for corn” appeared in August, but it “came down a little bit this month relative to August.” For soybeans, USDA pegged yields at “53.5 bushels per acre, right in line with what trade was expecting,” though Riley added, “there is still… a thought that that is going to continue to decline.”
Focusing on Oklahoma, Riley said USDA held the corn estimate steady at “130 bushels per acre,” while soybeans rose to “29 bushels per acre… four bushels per acre higher than that August report.” He credited the increase to “condition ratings and some of the preliminary yield results coming in as harvest is slowly starting up.”
One key surprise, Riley explained, was in corn acreage: “In August, a big adjustment on corn acreage relative to the June survey, and we saw more revision to corn in this September report.” He pointed to Farm Service Agency data as the driver, calling it “a new way that USDA is bringing information into these numbers.”
On ending stocks, Riley reported USDA’s projections of “2.11 billion bushels” for corn and “300 million bushels” for soybeans, both higher than expected due to yield assumptions and acreage adjustments.
Wrapping up, Riley observed that “harvest is slowly starting across most of the U.S… we’ll continue to check that progress as we continue to visit.”
This week on SUNUP:
- Ashleigh Faris, OSU Extension entomologist and IPM coordinator, offers advice for managing fall armyworms in wheat fields, including the best times to scout and treatment options.
- Mustafa Jibrin, OSU Extension horticulture plant pathologist, explains why we’re seeing more pecan scab and other diseases this year. Dr. Jibrin encourages viewers to send in samples to the OSU Plant Disease and Insect Diagnostic Laboratory.
- SUNUP invites viewers to the Cotton Field Day in Altus on Sept. 25.
- In the Mesonet Weather Report, Emma White, OSU Extension agricultural meteorologist, discusses how conditions are looking for Oklahoma wheat planting and emergence. She also covers the temperature and precipitation outlook.
- In Market Monitor, John Michael Riley, OSU agricultural economist, analyzes the September USDA World Agricultural Supply and Demand Estimates (WASDE) report.
- In Cow-Calf Corner, Mark Johnson, OSU Extension beef cattle breeding specialist, outlines the factors to consider when estimating how much hay is needed to get livestock through the winter.
- Finally, SUNUP Host Lyndall Stout catches up with Liberty Galvin, OSU Extension weed scientist, at Agtropolis at the Oklahoma State Fair for a wheat grinding demonstration and a general discussion about crops.
