Corn: Over the last 30 days, September corn futures have increased by $0.11. The increase can be attributed to the reduction in corn acres for 2017. The low prices of corn futures caused many farmers to increase their bean acres at the expense of corn acres. As a result, corn futures are showing signs of potentially creeping higher through the growing season. Of course, this all hinges upon the growing conditions of the crop. However, the stage has been set for a chance at higher corn prices.
Corn: Since the March 31st planting intentions report, September corn futures have increased by $0.05. However, there has been quite a bit of movement in the futures market after that report was released. The USDA indicated in that report that there would a reduction in corn acreage compared to last year’s levels. The report stated that we would plant 90 million acres of corn in 2017. While that was expected, it does create the potential for higher corn prices if we have a supply disruption in 2017, such as dry growing conditions in the Corn Belt. Continue reading
Corn: Since the market’s open on Monday morning, September corn futures have declined by approximately $0.11. This decline in prices may cause some producers to make some last minute changes to their planting intentions. With the planting intention report due out on March 31st, we will begin to see the market try to buy more acreage. This decline in prices is somewhat puzzling due to better export sales, acceptable demand from ethanol plants, and the expectation of lower acres in 2017. Continue reading
Corn: September corn futures increased by $0.10 over the past week. Corn exports have been strong over the past weeks. That along with the news that the RFS looks to remain in place have allowed corn futures to climb higher for the fourth straight week. Brazil and Argentina will begin their corn harvest next month, which could shift demand from U.S. corn to the South America. The size of their crop could impact U.S. corn prices and take the top out of this rally.
West Tennessee Grain Elevator Bids can be viewed here: West Tennessee Grain Bids 1-6-2017
Corn: September corn futures have increased by $0.10 over the past two weeks. The increase can be attributed to strong export sales and a better sentiment across the commodity complex. Over the past month, the increase in oil prices and stock prices has created a positive mood that continues to spill over into commodity markets. Despite the $0.10 increase in prices, the corn market is limited by large supplies due to the extremely large 2016 corn crop. This will limit any upside in corn prices. Continue reading
Ryan Blair, County Variety Testing Coordinator
The 2016 TN Cotton Variety Trial Results Publication (PB1742) is now available online. This document contains detailed results from all harvested trails in the 2016 University of Tennessee Cotton Variety Testing Program. Continue reading
The 2017 Tennessee Grain & Soybean Producers Conference is being held at the Dyer County Fairgrounds in Dyersburg, TN on Thursday, February 2nd. On-site registration begins at 7:45. The programs ends after lunch following the Keynote Address by Harrison M. Pittman, Director, National Agricultural Law Center (University of Arkansas System Division of Agriculture) on “Ag Law Update: Recent & Emerging Issues for the Ag Industry”. Preliminary Agenda (updated)
The twelfth annual Middle Tennessee Grain Conference set for Thursday, January 26 at Coffee County’s Fairgrounds in Manchester offers farmers insight to a number of emerging corn, soybean, and wheat production concerns. The conference is scheduled to get underway with registration beginning at 7:30 am. Registration is $20 at the door or $10 if participants pre-registering by Noon, Monday, January 23 through their local UT Extension office. Registration fees include the program and materials, refreshments, lunch, a copy of the conference proceedings, and a grain conference cap. View Program