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
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
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.
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
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
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
I’ve visited with several over the past few days who either started planting yesterday (4/30), who plan to begin today (5/1), or who will be planting by tomorrow (5/2). While we have a few very early planting-date trials established here in Jackson, none of our large-plot trials have been planted and none of our small-plot work requiring normal planting dates have been planted either. That will change for my program today (5/1). Continue reading
Corn: Last week, March corn futures closed $0.03 cents higher while September corn futures closed $0.03 higher as well. The spike higher in soybean prices is continuing to pull the other grains along with it. However, in part, the latest USDA’s World Agricultural Supply and Demand Estimate (WASDE) indicated that corn exports will continue to improve, which will cause a reduction in ending stocks. Continue reading