CORN PLANTING CONTINUES BETWEEN SHOWERS
Light scattered showers slowed but did not stop corn planting. However, cool nighttime temperatures hampered corn emergence. Cotton and soybean producers continued to make made burndown applications to their fields in anticipation of planting. Tobacco plant production was on schedule. Livestock producers reported mostly good to excellent pasture conditions. There were 4.8 days suitable for field work. Topsoil moisture was 8 percent short, 75 percent adequate and 17 percent surplus. Subsoil moisture levels were 4 percent short, 79 percent adequate, and 17 percent surplus. Continue reading the Tennessee NASS report at TN_04_18_16. The U.S. NASS report can be read at CropProg-04-18-2016.
All posts by Chuck Danehower, Extension Area Specialist - Farm Management
Tennessee Market Highlights
Corn and soybeans were up; cotton and wheat were mixed for the week. Soybeans continue to lead the current market rally with the November contract up 93 cents since March 1st. On April 14th, November soybeans were 11 cents higher than a year ago while corn (13 ½), cotton (5.25), and wheat (29 ¾) were all lower. It is likely that soybean acres will increase from the USDA’s March estimate. Fueling the current rally for soybeans has been extremely wet conditions in Argentina, a depreciating US dollar, strong demand, and aggressive fund buying. Continue reading at Tennessee Market Highlights.
Supply and Demand Estimates and Profitability Outlook
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.
Crop Progress – U.S.
The NASS Crop Progress report has been posted on line at NASS U.S. Crop Progress.
Crop Progress – TN
SOYBEAN PRODUCERS PREPARE FOR PLANTING
Cool, wet weather continued to slow corn growth. Soybean producers made burndown applications to their fields in anticipation of planting. Fruit producers were concerned about freezing temperatures predicted for the weekend. Cattle producers had for the most part stopped feeding hay, instead shifting to spring pastures. There were 4.4 days suitable for field work. Topsoil moisture was 6 percent short, 73 percent adequate and 21 percent surplus. Subsoil moisture levels were 4 percent short, 77 percent adequate, and 19 percent surplus. Continue reading at TN_04_11_16.
Tennesseee Market Highlights
Corn and cotton were up; soybeans and wheat were down for the week. Since the 15 cent drop immediately after the USDA’s Prospective Plantings report corn has trended upward. December corn has gained 11 cents since the contract low of $3.64 on April 1 (the day after the report). Soybean futures have moved mostly sideways since the start of the month. Continue reading at Tennesseee Market Highlights.
Crop Progress – Tennessee
RAIN AND COOLER TEMPERATURES SLOW PLANTING
Rains, sometimes heavy, arrived mid-week, curtailing most fieldwork. Up to that point, though, corn producers had made excellent planting progress. Wheat condition remained good to excellent. There were 3.7 days suitable for field work. Topsoil moisture was 3 percent short, 70 percent adequate and 27 percent surplus. Subsoil moisture levels were 3 percent short, 72 percent adequate, and 25 percent surplus. Continue reading at TN_04_04_16.
Crop Progress – U.S.
The Crop Progress reports by NASS have started back. Continue reading at CropProg-04-05-2016.