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Category Archives: Marketing

24
Oct
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

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 No Comments

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 No Comments

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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12
Sep
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, soybeans, and wheat were down; cotton was up for the week. The September WASDE and Crop Production reports were released on Thursday. The reports confirmed record domestic yields and production for soybeans and corn. Average corn yields were estimated to be 171.7 bpa for the U.S. and 152 bpa for Tennessee. Continue reading at Tennessee Market Highlights.

 

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11
Sep
2014
USDA Supply & Demand Estimates and Profitability Outlook
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. The corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn supplies for 2014/15 are projected at 15,607 million bushels, up 826 million bushels from the previous record in 2013/14. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Continue reading Dr. Aaron Smith’s comments at USDA Supply & Demand Estimates and Profitability Outlook.

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05
Sep
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Corn, soybeans, cotton, and wheat were down for the week. Harvest corn and soybean futures made moves lower this week. November soybeans es-tablished a new low of $10.01 before rebounding on Friday to $10.21. De-cember corn also set new contract lows at $3.43. Record production for corn and soybeans continues to become a more apparent reality with each pass-ing week. Frost concerns will continue to be prevalent in northern production areas particularly for late planted soybeans in the Dakotas and Minnesota. Producers should be looking at any rallies in corn and soybean futures markets as opportunities to price additional production. Continue reading at Tennessee Market Highlights .

 

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

Cotton was up; wheat was mixed; corn and soybeans were down for the week. Harvest corn futures continued to trade sideways for the sixth consec-utive week. Average domestic corn yields are very likely to exceed the 2009 record of 164.7 bpa. Many analysts have 2014 yield estimates above 170 bpa (the USDA estimated yields at 167.4 bpa in the August WASDE). As a result of the estimated record yield, 2014 corn production is estimated at 14.031 billion bushels (above the current record of 13.925 billion bushels set in 2013). Continue reading at Tennessee Market Highlights.

 

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22
Aug
2014
Tennessee Market Highlights
Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off

Cotton was up; corn, wheat, and soybeans were mixed for the week. December corn has been trading sideways since July 21 in a range of $3.60 to $3.85 per bushel. Yield estimates from the Midwest Crop Tour for corn have been above 2013 yields with the exception of South Dakota (2014:152 bpa vs. 2013:161 bpa) and Minnesota (2014:170 bpa vs. 2013:181 bpa). Continue reading at Tennessee Market Highlights

 

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