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Category Archives: Marketing

19
Sep
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

Corn, cotton, soybeans, and wheat were down for the week. Friday saw new harvest futures contract lows for both soybeans and corn of $9.56 and $3.31, respectively. The size of this year’s crop will continue to provide downward pressure for corn and soybean futures and weaken basis across the state. In Tennessee, cash corn prices dipped below $3.00 in some locations. At this time, it is unlikely that we have seen the harvest low for either soybeans or corn as the record harvest is just underway and a strong downward trend persists in futures markets for both commodities. Continue reading at Tennessee Market Highlights

 

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12
Sep
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

Corn, soybeans, and wheat were down; cotton was up for the week. The September WASDE and Crop Production reports were released on Thursday. The reports confirmed record domestic yields and production for soybeans and corn. Average corn yields were estimated to be 171.7 bpa for the U.S. and 152 bpa for Tennessee. Continue reading at Tennessee Market Highlights.

 

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11
Sep
2014
USDA Supply & Demand Estimates and Profitability Outlook
Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. The corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn supplies for 2014/15 are projected at 15,607 million bushels, up 826 million bushels from the previous record in 2013/14. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Continue reading Dr. Aaron Smith’s comments at USDA Supply & Demand Estimates and Profitability Outlook.

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05
Sep
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, soybeans, cotton, and wheat were down for the week. Harvest corn and soybean futures made moves lower this week. November soybeans es-tablished a new low of $10.01 before rebounding on Friday to $10.21. De-cember corn also set new contract lows at $3.43. Record production for corn and soybeans continues to become a more apparent reality with each pass-ing week. Frost concerns will continue to be prevalent in northern production areas particularly for late planted soybeans in the Dakotas and Minnesota. Producers should be looking at any rallies in corn and soybean futures markets as opportunities to price additional production. Continue reading at Tennessee Market Highlights .

 

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29
Aug
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Cotton was up; wheat was mixed; corn and soybeans were down for the week. Harvest corn futures continued to trade sideways for the sixth consec-utive week. Average domestic corn yields are very likely to exceed the 2009 record of 164.7 bpa. Many analysts have 2014 yield estimates above 170 bpa (the USDA estimated yields at 167.4 bpa in the August WASDE). As a result of the estimated record yield, 2014 corn production is estimated at 14.031 billion bushels (above the current record of 13.925 billion bushels set in 2013). Continue reading at Tennessee Market Highlights.

 

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22
Aug
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Cotton was up; corn, wheat, and soybeans were mixed for the week. December corn has been trading sideways since July 21 in a range of $3.60 to $3.85 per bushel. Yield estimates from the Midwest Crop Tour for corn have been above 2013 yields with the exception of South Dakota (2014:152 bpa vs. 2013:161 bpa) and Minnesota (2014:170 bpa vs. 2013:181 bpa). Continue reading at Tennessee Market Highlights

 

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14
Aug
2014
August 12, 2014 – USDA World Supply and Demand Estimates
Author: Chuck Danehower, Extension Area Specialist - Farm Management 1 Comment

Comments on the August 12, 2014 USDA World Supply & Demand Estimates including an update on the Profitability Outlook have been posted at USDA WASDE & Profitability Outlook .

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08
Aug
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Soybeans, wheat, and cotton were up; corn was mixed for the week. Corn prices traded mostly sideways for a second straight week. The Crop Production and WASDE reports on August 12th will be watched very closely for any yield adjustments. Continue reading at Tennessee Market Highlights.

 

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01
Aug
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, wheat, and cotton were down; soybeans were mixed for the week. The majority of crops across the country and throughout Tennessee are in good to excellent condition. As such, as we approach harvest this fall the likeli-hood of record production for corn and soybeans continues to increase. Hav-ing downside price protection entering the 2014 harvest period is strongly encouraged. Continue reading at Tennessee Market Highlights.

 

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25
Jul
2014
Tennessee Market Highlights – July 25, 2014
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn and cotton were down, soybeans were mixed, and wheat was up for the week. Corn prices have continued on their downward trend as record yields appear to be coming to fruition. Conditions could change between now and harvest however that window is getting smaller and smaller with each passing week. Continue reading at  http://economics.ag.utk.edu/market/tnmkt/2014/market072514.pdf. Continue reading

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22
Jul
2014
Ag Market Network Cotton Market Roundtable July 25th
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

The annual Ag Market Network Cotton Market Roundtable discussion will be held Friday, July 25, 2014 at 7:30 a.m. central. A distinguished panel of cotton experts will discuss today’s cotton market including: crop conditions, domestic demand, exports and farm policy.  For more information please click on this link Ag Market Network Meeting – JULY 25 2014 . Listen live at http://www.agmarketnetwork.com/ .  

 

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18
Jul
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Tennessee Market Highlights for July 18, 2014 have been posted at http://economics.ag.utk.edu/market/tnmkt/2014/market071814.pdf .

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