Corn: Over the past month, corn futures have been trading in a relatively sideways pattern. However, the past few days have allowed cash bids for new crop corn to be near $4.00 levels. Based on the UT Extension Crop Budgets, a producer could potentially lock in a profit at this price level, assuming an average yield of 150 bushels per acre. Private estimates are currently projecting corn acres to be lower in 2017 compared to last year’s levels. Continue reading
The new publication, “W 403: Verticillium Wilt in Tennessee Valley Cotton” provides background on Verticillium wilt, summarizes recent variety trial results, and highlights other practices that can reduce the impact of the disease. Continue reading
In agriculture, we are constantly faced with risk. Farmers are faced with the risk of adverse weather conditions, volatile commodity markets, and many other production risks. As an Extension Farm Management Specialist, I try to communicate to producers the options they have to reduce their overall risk exposure.
I like to narrow down the areas of risk that farmers must manage to two main areas: financial risk and production risk.
Corn: September corn futures increased by $0.10 over the past week. Corn exports have been strong over the past weeks. That along with the news that the RFS looks to remain in place have allowed corn futures to climb higher for the fourth straight week. Brazil and Argentina will begin their corn harvest next month, which could shift demand from U.S. corn to the South America. The size of their crop could impact U.S. corn prices and take the top out of this rally.
West Tennessee Grain Elevator Bids can be viewed here: West Tennessee Grain Bids 1-6-2017
Corn: September corn futures have increased by $0.10 over the past two weeks. The increase can be attributed to strong export sales and a better sentiment across the commodity complex. Over the past month, the increase in oil prices and stock prices has created a positive mood that continues to spill over into commodity markets. Despite the $0.10 increase in prices, the corn market is limited by large supplies due to the extremely large 2016 corn crop. This will limit any upside in corn prices. Continue reading
Ryan Blair, County Variety Testing Coordinator
The 2016 TN Cotton Variety Trial Results Publication (PB1742) is now available online. This document contains detailed results from all harvested trails in the 2016 University of Tennessee Cotton Variety Testing Program. Continue reading
The 2017 Tennessee Grain & Soybean Producers Conference is being held at the Dyer County Fairgrounds in Dyersburg, TN on Thursday, February 2nd. On-site registration begins at 7:45. The programs ends after lunch following the Keynote Address by Harrison M. Pittman, Director, National Agricultural Law Center (University of Arkansas System Division of Agriculture) on “Ag Law Update: Recent & Emerging Issues for the Ag Industry”. Preliminary Agenda (updated)
The twelfth annual Middle Tennessee Grain Conference set for Thursday, January 26 at Coffee County’s Fairgrounds in Manchester offers farmers insight to a number of emerging corn, soybean, and wheat production concerns. The conference is scheduled to get underway with registration beginning at 7:30 am. Registration is $20 at the door or $10 if participants pre-registering by Noon, Monday, January 23 through their local UT Extension office. Registration fees include the program and materials, refreshments, lunch, a copy of the conference proceedings, and a grain conference cap. View Program