From staff reports STILLWATER – Dr. Kim Anderson, Oklahoma State University Extension grain market economist, recently outlined the USDA’s Prospective Plantings release and the crop prices.
“Those numbers set the foundation for the ‘24 and ‘25 marketing year for all of the crops,” Anderson told SUNUP, OSU’s agricultural television program. “When we get the planted acres estimate, that limits the top side of production and it also sets a boundary for the bottom side, so it is a starting point. It is a starting point we have to have.”
Anderson noted that the estimated Oklahoma acreage for corn is lower and for soybeans and cotton is higher than in 2023. Hard red winter wheat saw an increase in planted acres both statewide and nationally.
Anderson mentioned that the numbers in the Prospective Plantings report didn’t really affect crop prices. “Really no movement at all in the crop prices,” Anderson said.
SUNUP is televised at 7:30 a.m. Saturday and 6 a.m. Sunday on OETA (PBS) and available online at www. YouTube.com/SUNUPtv.