EARLY CORN HARVEST UNDERWAY ON LIMITED BASIS
Corn for grain harvest has begun and roughly a third of the corn crop is physiologically mature. Except for corn, all crops remain in fair-to-good condition. A few parts of the state, especially West Tennessee still need a soaking rain. Soybeans have begun to drop leaves but most of the crop is blooming and setting pods. Even though dry conditions have persevered in some areas of the state, pastures continued to green-up and rebound. Continue reading
Soybean prices are up, corn and wheat prices are mixed and cotton prices are down for the week. The September U.S. Dollar Index before the close was 82.64 up 0.19 for the week. The Dow Jones Industrial Average before the close was 13,173, up 77 points since last Friday. Crude Oil before the close was 93.12 a barrel, up 1.72 a barrel for the week. USDA reported their monthly numbers today and while not containing any major surprises did have a few minor ones. On the whole this report is neutral for corn and wheat, friendly to soybeans and bearish cotton. Continue reading
This table should be used as a guide as yields, prices, and expenses will vary among producers and locations. This table looks at yields for Tennessee as reported in the August 10, 2012 USDA Crop Production report crop and prices adjusted for the 2013 production year. Continue reading
Corn
In today’s report, old crop corn ending stocks were raised 118 million bushels from last month at 1.021 billion bushels as imports increased 3 million bushels with food and seed use reduced 15 million bushels, corn for ethanol cut 50 million bushels and exports reduced 50 million bushels. This total usage reduction of 115 million bushels is no doubt the result of price rationing as prices have continued to move higher. Continue reading
TOBACCO HARVEST BEGINS
A relatively short dry spell came to a relieving end as scattered showers hit the state at weeks’ end. Pasture conditions continued to slowly improve, and all crops except corn remain mostly in the good category. Cattle are rated exceptionally good as only 9 percent are rated in the very poor-to-poor range. Tobacco harvest is underway as two-thirds of Tennessee’s tobacco has now been topped. Continue reading
Corn, soybean, and cotton prices are up while wheat prices are down for the week. The September U.S. Dollar Index before the close was 82.46 down 0.31 for the week. The Dow Jones Industrial Average before the close was 13,113, up 37 points since last Friday. Crude Oil before the close was 91.40 a barrel, up 1.27 a barrel for the week. Today’s markets are Continue reading
As reported by NASS on July 30, 2012
HAY HARVEST A MAIN FARM ACTIVITY LAST WEEK. Tennessee farmers last week devoted a great deal of time to harvesting warm season grasses for hay. July rainfall sparked unusually good growth, allowing warm season grasses to flourish. With the exception of corn, crops improved slightly in condition and are rated in mostly fair-to-good condition. Soybeans are blooming, and cotton is setting fruit. Pastures are greening-up and range from fair to good. Tobacco topping is in progress. The corn crop was rated mostly in very poor to poor condition with some very early harvest in the Southern section of Middle Tennessee. Continue reading
Corn prices are mixed while soybeans, cotton and wheat prices are down for the week. The September U.S. Dollar Index before the close was 82.77 down 0.80 for the week. The Dow Jones Industrial Average before the close was 13,102, up 279 points since last Friday. Crude Oil before the close was 90.12 a barrel, down 1.71 a barrel for the week. Continue reading