Aug 25
The U.S. Department of Agriculture and the Oklahoma Department of Agriculture are now putting the Daily Cash Grain Report into a PDF format – we are saving that PDF and archiving them for today’s specific report. To see today’s update, click on the PDF report link at the bottom of this story.
In addition to the PDF of the daily report, you can also listen to the Cash Grain Report by calling 405-621-5533. Push 2 for the grain report.
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Aug 25
Listen to today’s report with Justin Lewis, by clicking or tapping on the LISTEN bar
Aug 25
Click here to listen to audio
Farm Director, KC Sheperd, had the chance to visit with the Oklahoma Wheat Growers Association Executive Director, Jeff Hickman, about the 2023 Farm Bill from a wheat grower’s perspective and how the…
Aug 25
This week on SUNUP is Dr. Kim Anderson, Oklahoma State University Extension grain market economist. During this week’s edition, Anderson talks about the 2022 wheat crop and conditions for the upcoming 2023 crop.
“The 2022 Oklahoma wheat crop is in the bin and about 60 percent of that wheat has been sold,” Anderson said. “Farmers are now getting ready to plant to the 2023 wheat crop. In 2022, farmers planted 4.3 million acres of wheat, and because of the drought, they only harvested 2.7 million acres.”
As for 2022 wheat crop prices, Anderson said when we came into harvest in early June, wheat prices in Oklahoma were around 11 dollars.
“As we progressed into the harvest and got into late June, it got down to around 8 dollars,” Anderson said. “Since late June through today, they have been between $7.80 and $8.50.”
On average, Anderson said Oklahoma harvests around 100 million bushels and the United States harvests around 1.8 billion bushels. The world, he added, harvests around 28 billion bushels and this year is projected to harvest 28.6.
“The United States produces about 6 percent of the world’s wheat and exports about 11 percent of that wheat,” Anderson said. “Russia and Ukraine are important in the world market. Russia produces about 11 percent of the world’s wheat and Ukraine 3 percent, but together they export about 30 percent of world exports.”
For 2023, Anderson said expectations for forward contract price for wheat is $8.10 and the average price is around $5.50. In the panhandle that price is at $8.30, Anderson added, and southern Oklahoma is around $7.70.
“You look at the cost of production, you have got 80 percent price increase for Nitrogen, 60 percent increase price for diesel, and 25 percent increase for your machinery,” Anderson said. “So, we have got higher costs and higher prices on our receiving end, but our cost of production is about $7.75 an acre. You can compare that to about $5.75 a few years ago.”
The higher prices, Anderson said, can be credited to Covid and the Russia and Ukraine war.
“We have got those increased exports and we have got improved transportation systems, so our prices have fallen back down to the 8-dollar level,” Anderson said.
Going forward for 2023 plantings, Anderson said for all commodities in Oklahoma, the weather is going to need to cooperate for producers to make a profit.
This week on SUNUP:
• We take a look back at some of our favorite Cow-Calf Corner segments with OSU Extension beef cattle breeding specialist Mark Johnson.
• Wes Lee, OSU Extension Mesonet agricultural coordinator, discusses the that latest rainfall events in the state. State climatologist Gary McManus updates the drought monitor map.
• Kim Anderson, OSU Extension grain marketing specialist, breaks down the latest news in the crop markets.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
YouTube.com/SUNUPtv
SUNUP.okstate.edu
Aug 23
Oklahoma Secdond District Congressman Markwayne Mullin easily won the August Primary Runoff to claim the GOP Nomination for the final two years of the Senator Jim Inhofe seat in Congress. Mullin defeated former House Speaker TW Shannon- almost doubling the vote total along the way with 65.29% of the vote.
Mullin, in his victory speech on Tuesday night- told his supporters in Tulsa that “Washington, DC has no business influencing us- we need to be influencing Washington, DC. Mullin received a call from TW Shannon- who declared in his concession speech that Markwayne Mullin will be a great Senator for Oklahoma.
Mullin will face former Congresswoman Kendra Horn in the November election for the final two years of the term that Jim Inhofe intends to vacate in early 2023.
In the other statewide races on Tuesday-
Todd Russ wins the GOP nod for State Treasurer- beating Clark Jolley by 30,000 votes.
Ryan Walters- strongly supported by Governor Kevin Stitt- wins the GOP Nomination for the State Superintenddent of Public Instruction- beating April Grace with 53.26% of the vote.
Former State Lawmaker Leslie Osborn wins the GOP nomination for Labor Commissioner- as she defeated Representative Sean Roberts by 15,000 votes
For the GOP Nomination to be a Corporation Commissioner- State Senator Kim David ran away from Todd Thomsen with almost 60% of the vote.
In the Second Congressional District- the race to replace Markwayne Mullin was close but former Senator Josh Brecheen wins with 52% of the vote over State Rep Avery Frix. There is no opponent in the November general election- so Brecheen will be the next Congressman from the the eastern Oklahoma district.
To review all the results from Tuesday evening- click here for the Oklahoma Election Board’s August Runoff count.
Aug 23
The U.S. Department of Agriculture and the Oklahoma Department of Agriculture are now putting the Daily Cash Grain Report into a PDF format – we are saving that PDF and archiving them for today’s specific report. To see today’s update, click on the PDF report link at the bottom of this story.
In addition to the PDF of the daily report, you can also listen to the Cash Grain Report by calling 405-621-5533. Push 2 for the grain report.
Aug 23
Listen to today’s report with Justin Lewis, by clicking or tapping on the LISTEN bar
Aug 23
The 2022 Annual Conference and Meeting of the American Society of Agricultural Consultants will be held Sunday, October 23 – Tuesday, October 25 in Oklahoma City at the Skirvin Hilton Hotel.
An engaging lineup of speakers is scheduled t…
Aug 23
Select session recordings from the Animal Agriculture Alliance’s 2022 Stakeholders Summit, held May 11-12 in Kansas City, Mo., are now publicly available on the organization’s YouTube channel. The first in person Summit since 20…
Aug 23
Click here to listen to audio
Reagan Calk, Associate Farm Editor, sat down with announcer, Lynn Phillips at 38th Annual OCA Ranch Rodeo at the Lazy E Arena in Guthrie Okla. this weekend and talked about his time announcing for the rode…
