Corn: Over the last three weeks, March corn futures have traded sideways. On January 1, 2018, March corn futures opened at $3.51 and closed today at $3.52. September corn futures have followed the exact same pattern. September 2018 futures opened at $3.75 on January 1 and closed at $3.76 as of today’s market close. The latest USDA estimate has ending stocks forecasted to be higher and demand to be slightly lower. The USDA is also projecting that global production for coarse grains, which includes corn, to be higher for 2017/18. The size of the South American crop will also have an impact on the upside potential of corn futures. Cash basis is averaging $0.05 while new crop basis is currently averaging -$0.15 as of market close. Continue reading
Here’s a look at Dicamba training opportunities over the next seven days:
- Jan. 23 – Hardin Co. Courthouse – 11 a.m.
- Jan. 23 – Stewart Co. Visitor Center – 9:30 a.m.
- Jan. 23 – Tipton Co. Extension Office – 9 a.m.
- Jan. 23 – Wayne Co. Courthouse – 9 a.m.
- Jan. 24 – Tipton Co. Extension Office – 9 a.m.
- Jan. 25 – Fayette Co. Extension Office – 9 a.m.
- Jan. 25 – Mid-South Farmers Co-op, Mercer Location – 9 a.m.
For a complete list of remaining training opportunities, Continue reading
In addition to the East, Middle and West TN Grain Conferences and the Cotton Focus event, UT Extension is hosting a series of meetings to be held throughout the state to prepare growers for the upcoming season. These meetings will focus on variety selection, insect and plant disease management, weed management, and other current crop production topics.
Below is a list of the production meetings to be held in January and February. Please contact your local UT Extension office for more details on time and location. Continue reading
The Tennessee Grain & Soybean Producers Conference will be held in Dyersburg on Thursday, February 1st at the Dyer County Fairgrounds. Free registration is from 7:45 – 8:45 AM. The program includes a trade show, multiple presentations on crop management, and a sponsored lunch. The keynote speaker this year is Greg Peterson of You Tube Farming Sensations and Peterson Farm Brothers discussing “Being an Advocate for Ag: the Role of Millennials”.
Special thanks to all those who participated and/or contributed to the program during the 2016 growing season. See more here: W285
Corn: For the week, December corn futures have traded sideways within a $0.08 price range. Farmer selling is reportedly slow this week and is partially evidenced by the increase in local basis. Corn harvest is continuing to progress at a steady pace. As of November 12, 83% of the national corn crop was harvested. In Tennessee, the USDA reported that 99% of all corn has been harvested. Continue reading
Corn: For the week, December corn futures have traded mostly sideways. Corn futures increased slightly yesterday following the USDA World Agricultural Supply and Demand Estimate (WASDE). The USDA raised the national corn yield to 171.8 BPA, up from 169.9 BPA September estimate. The increase is mostly attributed to abundant rainfall nationwide along with milder temperatures. Although ending stocks are projected to increase, the bullish news from the soybean market has spilled over into the corn market, pulling corn futures higher. Continue reading
Corn: Over the last 30 days, December corn futures have decreased by $0.07. The decrease can be attributed to harvest pressure. Locally, corn yields have been phenomenal. Yields have ranged between 170 to 230 bushels per acre on dry land acres. It may indeed be a record year for corn yields in Tennessee. On a national scale, only 17% of the crop had been harvested as of Monday. The USDA reported that the corn crop is in good shape. Continue reading