Oklahoma's Latest Farm
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Kim Anderson Sees Oklahoma Producing Far Less Winter Wheat Next Marketing Year |
This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest in the grain markets.
“Not much going on in the crop and cotton markets this week,” Anderson said.
In the Pond Creek and Medford area, Anderson said 2023 wheat is forward contracting for $8.50. That price went down slightly at the end of the week, he added.
“If you go to the panhandle, you can add a dime or so to that for eight and a quarter,” Anderson said. “Go down to I-40 Weatherford area, take off about 15 cents for eight-dollar wheat, and if you go down to Snyder and Altus, you will need to take off about 30 cents or around $7.85 per bushel.”
For the 2023 harvest delivery, Anderson said corn is around $5.40.
“Go down to beans (soybeans), it has just been flat,” Anderson said. “For bean prices not to move much is unusual, but there is just not much going on in those markets at $12.30.”
There are still issues in Russia, Anderson said, as they have a significant amount of wheat in storage that needs to be moved onto the export market.
“Of course, they are always messing with that Ukraine-Russian export agreement,” Anderson said. “They stopped inspecting ships for several days and resumed the latter part of this week, and naturally, that is going to have some impact on our prices because it increases the risk, and when you increase risk, you increase the price a little bit.”
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state.
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The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
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Since the legalization of Medical Marijuana in Oklahoma with State Question 788- criminals have flocked to the state to set up illegal grow houses because of cheap permits, cheap land and lax rules allowing them to get into the business of growing marijuana in Oklahoma- supposedly for the in state Medical Marijuana market.
Ron Hays talks with Oklahoma Bureau of Narcotics spokesman Mark Woodward about how these enterprises have invaded Oklahoma- the magnitude of the current problem and how the state is pushing back on thousands of bad people who have set up shop in the state- with the hope to reduce the number of these operations dramatically in the days to come. It's a huge problem all across rural Oklahoma but Woodward believes progress is being made to reign in these illegal marijuana farms.
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