Category Archives: Marketing

June 10th Supply and Demand Estimates and Profitability Outlook

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off on June 10th Supply and Demand Estimates and Profitability Outlook

May 10th Supply and Demand Estimates and Profitability Outlook 

This link to Supply & Demand Estimates & Profitability Outlook contains a  summary of the USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) report. Domestic balance sheets for corn, soybeans, cotton, and wheat are displayed along with price reaction in futures markets for each commodity on the day of the report release. Additionally, supply and demand estimates for key importing and exporting countries are provided for the current month along with change in estimates from the previous report. The Profitability Outlook section contains estimated returns per acre for each commodity based  on 2015 Tennessee state average/trend yields and current price offerings (note: cotton prices include a seed and hauling rebate). Variable expenses are based on the University of Tennessee Extension 2016 Row Crop Budgets. Prices are updated monthly; expenses are updated as warranted during the year and may be different than the expenses contained in the 2016 Row Crop Budgets. This section provides an estimation of the current relative profitability amongst major row crops in Tennessee.

The report is prepared monthly by Dr. Aaron Smith and Chuck Danehower.

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Tennessee Market Highlights

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

Corn, soybeans, and wheat were up; cotton was mixed for the week. Looking at the November soybean futures chart it can be seen that the November contract is now almost $2.00/bu higher than the same time last year. Continue reading at Tennessee Market Highlights.

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Tennessee Market Highlights

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

Corn and cotton were up; soybeans were mixed; and wheat was down for the week. Since May 3rd the USD index has appreciated 3.8%. A stronger USD is detrimental to US agricultural exports because it makes our products more expensive to foreign buyers (simply put, it takes more of the foreign currency to buy a USD). The USD index is still down 3.5% from the beginning of the year (98.76 to 95.343). The value of the USD will be an important factor if corn, soybean, wheat, and cotton exports are to meet the USDA’s recent projections for the upcoming marketing year. Continue reading at Tennessee Market Highlights.

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UT Crop Market Update 5/20/2016

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Crop Market Update 5/20/2016

Corn: The corn market has continued its rally over the early part of this week. However, the rally was cut a bit short due to a stronger U.S. dollar. This creates a bit of headwinds for corn futures. As we get further into the planting season, the size of the crop will start to be revealed in analyst reports. Continue reading

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UT Crop Marketing Update 5/12/2016

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Crop Marketing Update 5/12/2016

Corn: It has been a wild ride in the commodity markets this week. Corn, like the other grains, has had its fair share in the roller coaster ride this week. In fact,  September corn futures opened Monday at $3.80 and closed today at $3.92. The gain of $0.12 can be attributed mostly to the fear of what will happen to U.S. corn acres along with a spillover effect from the soybean trade. The Midwest has received rainfall in key growing areas that is delaying the planting of corn. Continue reading

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May 10th Supply and Demand Estimates and Profitability Outlook

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off on May 10th Supply and Demand Estimates and Profitability Outlook

May 10th Supply and Demand Estimates and Profitability Outlook 

This link to Supply & Demand Estimates & Profitability Outlook contains a  summary of the USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) report. Domestic balance sheets for corn, soybeans, cotton, and wheat are displayed along with price reaction in futures markets for each commodity on the day of the report release. Additionally, supply and demand estimates for key importing and exporting countries are provided for the current month along with change in estimates from the previous report. The Profitability Outlook section contains estimated returns per acre for each commodity based  on 2015 Tennessee state average/trend yields and current price offerings (note: cotton prices include a seed and hauling rebate). Variable expenses are based on the University of Tennessee Extension 2016 Row Crop Budgets. Prices are updated monthly; expenses are updated as warranted during the year and may be different than the expenses contained in the 2016 Row Crop Budgets. This section provides an estimation of the current relative profitability amongst major row crops in Tennessee.

The report is prepared monthly by Dr. Aaron Smith and Chuck Danehower.

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UT Crop Marketing Update

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Crop Marketing Update

Corn: Both corn exports and new crop sales were lower this week. The lower sales contributed to the bearish tone in the corn markets. Speculative trading has been part of the driving force behind the lower corn prices this week. Continue reading

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Tennessee Market Highlights

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

Corn, cotton, and wheat were down; soybeans were up for the week. Corn and wheat futures decreased 10-25 cents while soybean futures increased 5- 15 cents this week. This week, the soybean futures market continued its recent volatility. November soybean futures had daily trading ranges of 21, 27, 19, 28, and 27 cents. Next week we will likely see continued volatility in soybeans as on Tuesday the USDA will release the May WASDE report. The report has the potential to provide fuel for continuing the uptrend or a reversal in soybean markets. Continue reading at Tennessee Market Highlights.

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