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Category Archives: Marketing

21
Nov
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

Corn, cotton, and wheat were down; soybeans were up for the week. December 2014 corn started the week at $3.81 per bushel decreased 19 cents before rebounding on Thursday from strong export sales numbers, closing down 9 cents for the week. As we move through the holiday season, it is likely that we will see March corn continue trading between $3.50 and $4.00, however as we move into the new year prices may turn lower as the record crop moves to market. Continue reading at Tennessee Market Highlights.

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14
Nov
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

Corn and wheat were up; cotton and soybeans were down for the week. Estimated domestic corn yields were dropped 0.8 bpa to 173.4 bpa in the latest USDA-WASDE report surprising many analysts, as most thought that the USDA would increase corn yields. At this point, minor revisions to corn yield will not substantially change the estimated 2 billion bushel carryover into the next marketing year. As such, there is limited upside in corn futures prices for this marketing year, until new information is revealed. Continue reading at Tennessee Market Highlights.

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12
Nov
2014
November 10 Comments on USDA WASDE & Profitability 2015 Update
Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

Corn production is forecast 68 million bushels lower, but still a record at 14,407 million bushels. The national average corn yield is reduced 0.8 bushels per acre to 173.4 bushels. U.S. corn use for 2014/15 is projected slightly higher with a 5-million-bushel increase in expected food, seed, and industrial (FSI) use. Corn used in ethanol production is projected 25 million bushels higher. Continue reading at November 10th Comments .

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07
Nov
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, soybeans, cotton, and wheat were down for the week. Since July 21, December corn  futures have traded between $3.18 and $3.81 and March corn futures from $3.30 to $3.94. Without any major weather disruptions in South America or surprises on the November WASDE report it is very likely that we will continue to trade within these ranges for the next few months.  As such, producers with unpriced production should look for opportunities at the higher end of this trading range to price unsold production. Continue reading at Tennessee Market Highlights .

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31
Oct
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, soybeans, cotton, and wheat were up for the week. October provided substantial increases in futures prices for most grains and oilseeds. The rally was led by soybeans which increased $1.42/bu (from $9.04 on October 1st to $10.46 today). Corn increased $0.58/bu ($3.18 on October 1st to $3.76 today) and wheat was up $0.53 ($4.79 on Oct 1st to $5.32 today). This is the first major rally in futures prices we have seen since early May. Continue reading at Tennessee Market Highlights.

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24
Oct
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, soybeans, cotton, and wheat were up for the week. Soybeans led grain and oil seed markets higher this week as export demand dramatically ex-ceeded market expectations. November 2014 soybeans peaked at $10.02 this week before retreating late Friday. The November futures contract is up almost $1.00 from the contract low on October 1st of $9.04. Continue reading at Tennessee Market Highlights .

 

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17
Oct
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, soybeans, and wheat were up; cotton was down for the week. Decem-ber corn and November soybean futures closed up for the third consecutive week. Harvest delays have resulted in the USDA estimating that 40% of the soybean harvest and less than a quarter of the corn crop had been harvested as of October 12. The next 10 days has drier conditions in the forecast for many areas, this will allow producers to get back into the fields and continue with the estimated record harvest. Continue reading at Tennessee Market Highlights .

 

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13
Oct
2014
Comments on the October 10th USDA report
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn production is forecast 80 million bushels higher at a record 14,475 million bushels as lower reported area is more than offset by a 2.5-bushel-per-acre increase in the yield. Corn supplies for 2014/15 are projected at 15,736 million bushels, up 129 million from last month reflecting both higher production and a 55-million-bushel increase in beginning stocks from the September Grain Stocks report.  Continue reading at Dr. Aaron Smith’s comments . Profitability update for 2015 is on pages 13-16.

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10
Oct
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, soybeans, cotton, and wheat were up for the week. Today the USDA released their monthly Crop Production and World Agricultural Supply and Demand Estimates (WASDE). U.S. corn yields were increased 2.5 bpa to 174.2 bpa. Partially offsetting the yield increase was a 700,000 acre decrease in harvested area. The net result was a modest increase in total domestic production from the September report of 80 million bushels. Continue reading at Tennessee Market Highlights.

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03
Oct
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Soybeans and wheat were up; corn and cotton were mixed for the week. This week saw modest increases in corn and soybean futures prices. These increases came after seven (November soybeans) and six (December corn) consecutive weeks where prices decreased from one Friday to the next. Increases in corn and soybean harvest futures are not likely to hold or perpetuate over the coming weeks however they may indicate that we are approaching a harvest futures low for both commodities. Continue reading at Tennessee Market Highlights.

 

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

Corn, cotton, and soybeans were down; wheat was mixed for the week. Corn and soybean harvests continue to produce higher than expected yields lead-ing many to believe that the already record USDA estimated yields of 171.7 bpa for corn and 46.6 bpa for soybeans will be increased in the October WASDE. Continue reading at Tennessee Market Highlights for September 26, 2014.

 

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19
Sep
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

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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