Category Archives: Marketing

Preliminary UT Cotton Variety Strip Trial Data Now Available

Author: Tyson Raper, Cotton & Small Grains Specialist Comments Off on Preliminary UT Cotton Variety Strip Trial Data Now Available

By Tyson Raper and Ryan Blair

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The University of Tennessee Cotton Agronomy Program provides an unbiased evaluation of experimental and commercial varieties available for production in Tennessee each year. The 2016 program consisted of Continue reading

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UT Commodity Market Update 11/18/2016

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Commodity Market Update 11/18/2016

Corn: December corn futures were able to increase by $0.05 over the course of the week. Corn futures have been dampened over the past few weeks due to the extremely large size of the 2016 corn crop. With a national yield of 175.3 bushels per acre, the supply of corn is quite abundant. However, the demand for corn has begun to show some signs of improvement over the past week. Ethanol production is reportedly higher this week as ethanol futures rose to a two-week high. Corn exports have also been better than expected given the recent strengthening of the U.S. dollar. Continue reading

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UT Commodity Market Update 11/11/2016

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Commodity Market Update 11/11/2016

Corn: December corn futures closed $0.08 lower for the week. This past week has been a bit tumultuous for the commodity markets. Earlier this week the USDA released the latest World Agricultural Supply and Demand Estimate (WASDE) report. This report indicated that corn production would be raised for the 2016 crop. The USDA projected that the U.S. corn crop would equal 15.23 billion bushels and a national yield of 175.3 bushels per acre. Continue reading

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UT Commodity Market Update 10/28/2016

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Commodity Market Update 10/28/2016

 

Corn: December corn futures ended the week $0.04 higher than where it began on Monday morning. Harvest is continuing at a very strong pace due to dry harvest conditions. Farmers across the Midwest continue to report large yields. The expectations of a very large corn crop is bearish for corn futures. However, corn futures increased this week by riding the coattails of the soybean market. In West Tennessee, the local basis on cash bids for corn increased by $0.04 this week. Export demand continues to remain strong and contributed to the increase in basis that we have seen this week in West Tennessee.   Continue reading

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UT Commodity Market Update 10/21/2016

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Commodity Market Update 10/21/2016

Corn: December corn futures ended the week one penny lower than where it began on Monday morning. This week has been light as far as trading news goes for the grains. Last week, the USDA released their latest estimate on the global supply of all commodities along with the projected demand for all commodities. Harvest is advancing across most of the Midwest. As we begin to get a better feel on the overall size of the corn crop, we can expect to see the market reflect the yield data into future prices. Basis for corn is starting to weaken as the new supplies from harvest are hitting the supply chain. Futures have been increasing since August. Continue reading

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UT Commodity Market Update 10/14/2016

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Commodity Market Update 10/14/2016

Corn: The latest WASDE report was released this week along with the Crop Production report. The USDA has decreased the national corn yield by 1 bushel per acre from 174.4 to 173.4. If the final yield does equate to this value, then this will be the largest corn crop on record. Despite the expectations of a very large corn crop, December corn futures have increased by $0.15 since the market’s open on Monday. In fact, corn closed at a three-month high, which is uncommon, especially during harvest. Local corn basis has continued to remain stable over the past week.

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Wrapping up harvest aid applications in 2016

Author: Tyson Raper, Cotton & Small Grains Specialist Comments Off on Wrapping up harvest aid applications in 2016

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We have been blessed with another great harvest season and it appears we may be able to finish harvest with little rain.  Here on the 5th day of Oct, I would guess the average cotton acre within the state has already received the first application of harvest aids and is very close to seeing a picker.  Even so, several acres have not been defoliated.  This has led many to call with concerns about the cooler temperatures in the forecast over the weekend and several have asked if it is simply time to defoliate based on calendar date.   Continue reading

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UT Commodity Market Update 9/30/2016

Author: Danny Morris, Ext Area Specialist - Farm Management Comments Off on UT Commodity Market Update 9/30/2016

Corn: December corn futures have increased since the beginning of the week. This is a continuation of the upward trend we have seen in corn futures since the beginning of September. This is due in part to the realization that the USDA’s yield forecasts were a bit overzealous. That being said, we still do not know the total size of the U.S. corn crop just yet. We are still a ways off from knowing that. The USDA did indicate that the ending stocks as of 9/1/2016 were smaller than expected. Continue reading

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