While you are at the  July 28th Milan No-Till Field Day, stop in on Tour O:Farmers vs Hunger in the Ag Museum and help us package up mac & cheese meals. See below for additional information

This tour will run continuously from 9:00 a.m. to 2:00 p.m. Stop by the West Tennessee Agricultural Museum, cool off from the hot sun, and participate in the Farmers vs. Hunger tour stop. This stop is a unique blend of what can be accomplished when farmers and others in the agricultural community come together to address the needs of those who are in need. Continue reading →

July 12, 2016 – USDA World Supply and Demand Estimates

Corn Projected 2016/17 U.S. feed grain supplies are raised this month as lower beginning stocks are more than offset by increased production. Corn beginning stocks for 2016/17 are lowered 7 million bushels as reductions in 2015/16 feed and residual use and use for ethanol production are more than offset by increases in exports and seed use. Corn production for 2016/17 is projected 110 million bushels higher reflecting the increased planted and harvested areas from the June 30 Acreage report. Continue reading at Monthly Crop Outlook.

RAINS BRING WELCOME RELIEF TO MOST OF THE STATE

Rains in the Eastern portion of the State brought relief to crops, and also fortified pastures which in turn improved cattle conditions. More mixed weather conditions dominated Middle Tennessee, where some soybeans had to be replanted and some corn fields were lost due to dry temperatures. In other areas of Middle Tennessee, heavy rains prevented field work and slowed tobacco topping. Crops in West Tennessee, while making good progress, still need a good soaking rain. Continue reading Tennessee NASS report at TN_07_11_16. The U.S. Crop Progress report can be read at CropProg-07-11-2016.

Corn and soybeans were down; cotton and wheat were up for the week. In spite of large gains in harvest futures on Friday (14 and 33 cents for Dec corn and Nov soybeans, respectively), corn and soybeans still finished the week down 5 cents and 80 cents, respectively. Beneficial rainfall covered most of the key U.S. production regions the past two weeks alleviating concerns about potential dry weather and dramatically reducing the likelihood of lower yields. Continue reading at Tennessee Market Highlights.

The 2016 Mid-South Agricultural Finance Conference is set for August 3, 2016 at the Boling University Center on the campus of the University of Tennessee at Martin. Registration and continental breakfast starts at 8 a.m. with the program concluding at 2:45 p.m. Continue reading →

PASTURES IN NEED OF RAIN; GENERAL RAINFALL NEEDED

Rains at the beginning of the week in Middle Tennessee boosted crop conditions, improved soil conditions, and brought welcome relief from high humidity. The bulk of corn in the area is pollinating and soybean planting is coming to an end. Little rainfall over the eastern part of the State resulted in pastures remaining thin and some producers feeding hay for the third consecutive week. Despite limited rainfall in West Tennessee, crops are progressing well. Continue reading Tennessee NASS report at TN_07_05_16. The U.S. Crop Progress report can be read at CropProg-07-05-2016.

Corn and wheat were down; soybeans and cotton were up for the week. For the month of June, December corn closed down 41 cents at $3.67/bu. The December contract high, in June, was $4.49/bu occurring on June 17th, the low was $3.65/bu occurring on June 30th. Continue reading at Tennessee Market Highlights.

USDA Acreage and Quarterly Grain Stocks Reports

June 30, 2016

Aaron Smith and Chuck Danehower

Department of Agricultural & Resource Economics, University of Tennessee Extension

Market Reaction

On Thursday June 30th corn prices received a double hit as both the Stocks and Acreage reports provided greater estimates than anticipated, precipitating an immediate 15 cent drop in corn futures. Soybean futures reacted very positively (up 40+ cents) to the reports. Soybean acreage was up but not as much as some pre report estimates and stocks, while up from last year, still indicate excellent demand. Additionally, the report removed some uncertainty for soybean bulls that were perhaps concerned about a report surprise. Continue reading at USDA Acreage and Grain Stocks Reports. A profitability update is also included.