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Agricultural News

OSU's Kim Anderson Wraps Up the Week of Christmas with the Grain Markets

Thu, 23 Dec 2021 16:21:43 CST

This week on SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson talks about corn and soybean prices, starting with a little history lesson.

From 2009 to 2021, the average price for corn in Oklahoma was $4.20, with the lowest price reaching $2.75 during harvest in 2016 and the highest price reaching $7.10 during harvest in 2019, according to Anderson.

For soybeans between 2009 and 2021, the average price in Oklahoma was $10.20, Anderson said. The lowest prices got was $7.50 during harvest in 2018 and the highest price was $14.80 during harvest in 2012, he added.

Currently, corn prices are at about $5.75, and 2022 futures prices are around $5.20, Anderson said.

"My low prices are running about a dime below current prices and about 15 cents below for forward contracts," Anderson said.

Meanwhile, soybeans are averaging at about $12, a relatively good price according to Anderson.

"Forward contracts for 2022 delivery: $11.70," Anderson said. "You have cotton coming in at about $1.02 per pound - way to go cotton!"

Hit the LISTEN BAR below to hear more from Dr. Anderson this week on SUNUP as he talks about grain prices ahead of Christmas.

Join SUNUP at 7:30 a.m. on Saturdays and 6 a.m. on Sundays on OETA-TV, or by visiting SUNUP.okstate.edu.


   
   

Listen to Dr. Anderson on SUNUP here. right-click to download mp3

 

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