Corn was down; cotton, soybeans, and wheat were up for the week. On Thursday, the USDA released its annual Prospective Plantings and quarterly Grain Stocks reports. Continue reading at Tennessee Market Highlights.
A Summary of the March 31 USDA’s Prospective Plantings and Grain Stocks Report including a Profitability Update has been posted at UT Extension Summary of USDA’s Reports.
Released: March 31, 2016
March 1 Planting Intentions
Farmers in Tennessee intend to plant 840,000 acres of corn, 60,000 higher than 2015. U.S. corn growers intend to plant 93.6 million acres for all purposes in 2016, up 6 percent from last year and 3 percent higher than 2014. Continue reading at MarchPP16_TN.
Corn, cotton, and soybeans were up; wheat was even for the week. December corn has moved sideways for the past two weeks bouncing between $3.83 and $3.90. Total corn exports continue to lag behind the pace required to meet the USDA’s projection of 1.65 billion bushels for the current marketing year. Continue reading at Tennessee Market Highlights.
Corn, cotton, and soybeans were up; wheat was down for the week. Soy-beans set new four week highs in both the nearby and harvest future con-tracts. November soybeans closed at $9.09 above last week’s four week high of $9.07. Since March 1st, harvest corn and soybean futures contracts are up 9 ½ ($3.76 to $3.85 ½) and 36 ¼ ($8.73 ½ to $9.09 ¾) cents or 2.5% and 4.1%, respectively. Producers that have not started pricing 2016 production may want to consider pricing some production on this rally. There are still major concerns with global stocks, production, and exchange rates (with other exporting nations) for both grains and oilseeds so rallies should still be considered as opportunities to sell. Continue reading at Tennessee Market Highlights.
This article is by Gus Lorenz, Extension Entomologist with The University of Arkansas. It is good information for Tennessee producers.
Seems like most everybody who retails ag inputs is offering products that they profess will boost yields, even make ‘em skyrocket. Only problem is, claims often aren’t backed up with unbiased data to prove that these materials provide growers with a return on investment–that ROI that should guide every decision. Continue reading at Arkansas Row Crops Blog.
“What changes are you looking at in your operation for 2016?” If the 2014 and 2015 production years worked well, then maybe no changes are needed. If you struggled to pay all financial obligations or burned through capital reserves, then maybe a change is in order. Continue reading at Southeast Farm Press.
Corn, cotton, soybeans, and wheat were up for the week. Projected spring crop insurance prices (volatility factors) for corn – $3.86/bu (0.17), soybeans – $8.85/bu (0.14), and cotton – $0.60/lb (0.14) were determined for Tennessee from February 1-29th. Compared to 2015, projected spring prices are down $0.29/bu, $0.04/lb, and $0.88/bu for corn, cotton, and soybeans, respective-ly. However, depending on an operation’s cost structure, crop insurance may be a better value for Tennessee corn producers this spring than last. Continue reading at Tennessee Market Highlights.