Category Archives: Marketing

Corn and Cotton Producers’ Prevented Planting Decision

Federal crop insurance programs have a prevented planting provision that can protect producers from the financial losses and risks associated with not being able to plant the intended crop within the desired planting period. Revenue Protection, Revenue Protection with Harvest Price Exclusion, Yield Protection, and Area Risk Protection insurance policies pay indemnities if producers were unable to plant the insured crop by a designated final planting date or within any applicable late planting period due to natural causes, typically drought or excess moisture. This post highlights several components of those provisions and provides a few examples.  

Kevin Adkins, Graduate Research Assistant, Department of Agricultural and Resource Economics, University of Tennessee

**Christopher N. Boyer, Associate Professor, Department of Agricultural and Resource Economics, University of Tennessee 302-I Morgan Hall Knoxville, TN 37996 Phone: 865-974-7468 Email: cboyer3@utk.edu **Corresponding author Continue reading

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Making the cotton replant decision

Adverse conditions experienced during or after cotton planting can negatively impact cotton seedlings and result in seedling death.  If severe, stresses can reduce stands to unprofitable yield potentials.  Unfortunately, cool nights, excessive rainfall and marginal seed quality from some seed lots have increased reports of failed stands.  Determining whether to accept or replant a marginal stand of cotton is a particularly challenging decision since many factors must be considered. The purpose of this post is to highlight a few factors to consider while making the replant decision. Continue reading

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Prevention of Plastic Contamination

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Although US cotton currently has a reputation as one of the least contaminated sources in the world, USDA-AMS Cotton Programs reported more ‘other extraneous matter’ during 2017 than ever before- primarily due to plastic.  Beginning in 2018, a new remark for plastic contamination will be included in the classing process.  Unfortunately, the negative financial implications associated with receiving a plastic remark could potentially spread beyond a single bale.  As a result, I’ve personally heard several refer to plastic contamination as the biggest single threat to the US cotton industry.   Continue reading

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Don’t Forget, Milan No-Till Field Day is Thursday!

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Visitors to the Milan No-Till Field Day can hear presentations on research involving corn, cotton and soybeans. Due to growing interest in cover crops, two tours (10 total presentations) will be devoted to that topic. New this year – a tour devoted to managing resistance, a tour on fragipans, and a producer-led panel discussing personal experiences with precision agriculture technology. Continue reading

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2017/2018 County Standard Wheat Trials

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2018 County Standardized Trials (CST) wheat harvest data are now available.  Our county trial yields were consistent with yields in much of the state, down around 15 bu from what we had last year.  Late planting due to excess moisture and a cool, wet spring with delayed fertilizer and insecticide applications, didn’t get this crop set up for record year.

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UT Commodity Market Update 7/6/2018

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Corn: September corn futures have rallied this holiday week in part due to the strength gained from the soybean market. However, that says very little given the decline that we have experienced in the corn markets since we put the crop in the ground. The below chart shows just how much corn futures have fallen since spring planting. Continue reading

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UT Extension Commodity Market Update

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Corn: September futures were down $0.03 today. For the week, corn has declined $0.13. The decline was primarily caused by the enactment of a 25% tariff on $50 billion worth of Chinese imports. Going forward, weather should dictate market prices as the crop year progresses. Planting progress for continues to march forward with 92% of the crop having been planted as of 5/27/2018 with 72% having already emerged. The current crop rating is 79% good-to-excellent. Locally, new crop basis for corn averaged -$0.08 as of today’s market close.

West Tennessee Grain Bids can be viewed here: West Tennessee Grain Bids 6-1-2018

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UT Commodity Market Update – 5/4/2018

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Corn: Since the beginning of the year, the September futures contract has increased by $0.40. An interesting fact is that of this increase, $0.21 has occurred over the last two weeks. The below chart reflects the recent run-up in corn futures:

 

Looking at the above the chart, obviously, something is driving the market. This begs the question as to what is causing the uptick in prices. Most of the nation’s corn crop is planted in April and by mid-May. Continue reading

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