Category Archives: Marketing

Tennessee Market Highlights

Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

Corn, cotton, and wheat were up; soybeans were down for the week. On Tuesday May 12th the USDA released the May WASDE report. The report contained initial supply and demand estimates for the 2015/2016 marketing year. So how do estimates for the 2015/16 marketing year compare to the 2104/15 marketing year? Continue reading at Tennessee Market Highlights.

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Comments on USDA WASDE Report & Profitability Update

Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

May 12, 2015 – USDA World Supply and Demand Estimates

Corn

U.S. feed grain supplies for 2015/16 are projected to slightly exceed the record level of 2014/15 as larger beginning stocks more than offset lower expected production. Corn production is projected at 13.6 billion bushels, down 586 million from the record 2014/15 crop with a lower forecast area and yield. The U.S. corn yield is projected at 166.8 bushels per acre, down 4.2 bushels from the 2014/15 record based on a weather adjusted yield trend that assumes normal summer weather. Continue reading at Monthly Crop Outlook.

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Tennessee Market Highlights

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Soybeans and wheat were up; cotton was down; and corn was mixed for the week. This past week planting conditions have been excellent throughout most of the Mid-south and Corn Belt states. While this is good news for producers, it is important to remember that planting progress is largely uncorrelated with final yields. Weather moving forward will have the ultimate say in determining final 2015 yields. Continue reading at Tennessee Market Highlights.

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Tennessee Market Highlights

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Cotton was up; corn was down; and Soybeans and wheat were mixed for the week. This week, December 2015 corn futures established new lows for 2015. The December 2015 corn contract low was $3.64/bu set back on Oct 1, 2014. Despite strong export sales this week, USDA estimated corn exports still lag behind the needed pace to meet their marketing year estimates. Reduced export sales could push 2014-15 marketing year ending stocks close to 2 billion bushels (currently estimated at 1.8 billion) and continue to provide downward price pressure. Corn planting progress is a story of two regions. Continue reading at Tennessee Market Highlights.

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Tennessee Market Highlights

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Cotton was up; corn was down; and Soybeans and wheat were mixed for the week. This week, December 2015 corn futures established new lows for 2015. The December 2015 corn contract low was $3.64/bu set back on Oct 1, 2014. Despite strong export sales this week, USDA estimated corn exports still lag behind the needed pace to meet their marketing year estimates. Reduced export sales could push 2014-15 marketing year ending stocks close to 2 billion bushels (currently estimated at 1.8 billion) and continue to provide downward price pressure. Continue reading at  Tennessee Market Highlights.

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Tennessee Market Highlights

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn and soybeans were up; cotton and wheat were down for the week. 2015 harvest corn and soybean futures have traded in a reasonably consistent range for most of 2015. December corn futures have traded from $3.92 to $4.32, while November soybeans have traded from $9.33 to $10.31. Both commodities were at the high end of the range to start January and have subsequently moved lower as we have progressed through 2015. At this point in the marketing year, it is unlikely that we will get back to those early year highs unless a weather event occurs.  Continue reading at Tennessee Market Highlights.

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Tennessee Market Highlights

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Cotton was up; corn, soybeans, and wheat were down for the week. Currently, two major obstacles exists that will prevent sustained price rallies for grains, oilseeds, and cotton. First, global and domestic stocks of corn, soybeans, cotton, and wheat are at or near record levels. Second, the strength of the US dollar will continue to reduce the competitiveness of US agricultural products in the global market place, thus reducing the potential for US exports. Continue reading at Tennessee Market Highlights.

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Comments on April 10th USDA report

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Projected corn ending stocks are raised 50 million bushels with a reduction in expected feed and residual use reflecting December-February disappearance as indicated by March 1 stocks. The projected range for the corn season-average farm price is narrowed 5 cents on each end to $3.55 to $3.85 per bushel. Continue reading at Dr. Aaron Smith’s comments on April 10th USDA report.

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