It came as kind of surprise to me to find out that AgLogic 15G (aldicarb), a replacement for Temik, is labeled in Tennessee. My understanding is that the label will expire June 30th. Thus, those wanting to apply this product in-furrow for control of thrips and nematodes in cotton can do so in 2018. However, Continue reading
It is getting late early with respect to burndown in Tennessee. This is particularly true for corn acres where we are well behind the burndown pace of most Tennessee springs. Typically by late March we have a good bit of corn ground burned down and often have a few acres planted. The 10 day forecast calls for a good chance of rain 7 out of those 10 days. Regardless of whether the forecast is accurate corn burndown and planting will have to occur fairly close together. Continue reading
Corn, cotton, and wheat were down; soybeans were up for the week.
This week, on Wednesday, December corn peaked at $4.12 the highest offering, for the December 2018 contract, since August 10, 2017. However, prices declined 8 ¼ cents on Thursday and Friday. Futures prices above $4 per bushel represents a good opportunity to start / increase pricing on the 2018 crop. Securing a price on up to 50% (depending on pricing method) of anticipated production should be considered prior to planting.
This week November soybeans continued to exhibit volatility. For the week daily trading ranges on the November contract were: 12 ½ cents, 8 ¾ cents, 17 ¾ cents, 14 ¾ cents, and 8 ¼ cents. In the near future volatility is likely to continue due to uncertainty about the Argentinian crop, U.S. planted acreage, and export sales / trade negotiations. Continie reading at Tennessee Market Highlights.
Corn: Since Monday’s market open, May corn futures have declined by $0.05 while September futures have only decreased by $0.02. Corn futures hit a seven month high earlier this week before they began to decline. Corn exports have been excellent due to a lack of competition from South America. Last week’s export sales of 103 million bushels set a marketing year high for the 2017/2018 marketing year. Hopefully, farmers were proactive in marketing their crop and captured some profitable sales while corn futures were at these recent highs. Locally, new crop corn basis averaged -$0.12.
Cotton producers were pleasantly surprised Feb. 9 when seed cotton became a covered commodity under Title 1 of the 2014 Farm Bill. This will have wide-ranging implications for not only cotton producers but all landowners and producers who have generic base on farms.
While we are waiting on USDA’s interpretation of the bill and how it will be put in place, we do know the generalities of the program. Seed cotton is unginned upland cotton – a combination of cotton lint and cottonseed. In other words, it is cotton in its raw form just like it is packed into a module. Numerous articles have recently been written in the Southeast & Delta Farm Press, so I will only touch on a few highlights and discuss the decision-making process. Only landowners with a generic base will have a decision to make. Continue reading at Southeast Farm Press.
As of Monday we have had well over 2400 folks take the dicamba training in Tennessee. Our best estimate is that about 2500 total would be spraying Engenia or XtendiMax in Xtend crops so we are clearly in the short rows for getting applicators trained. If you still lack the dicamba training, contact your county Extension Agent.
Since most are now trained to apply dicamba, questions have arisen on strategies to manage Palmer amaranth in Xtend soybean under two different situations. Continue reading
Corn and cotton were up; soybeans and wheat were down for the week. On Thursday, the USDA released its monthly World Agricultural Supply and De-mand Estimates (WASDE) report. The report provided bullish news for corn and cotton, bearish news for wheat and a mixed bag for soybeans.
Corn futures rallied based on increased ethanol use (50 million bushels) and exports (175 million bushels). Domestic and foreign ending stocks were revised down 225 million bushels and up 70 million bushels from last month’s projections, respectively. Compared to the previous marketing year’s ending stocks, global corn ending stocks are projected to decrease by 1.287 billion bushels. A substantial year-over-year decrease. The largest contributors to the decrease are increased global use and reduced South American production. Continue reading reading at Tennessee Market Highlights.