All posts by Chuck Danehower, Extension Area Specialist - Farm Management

09 Mar 2016

Supply and Demand Estimates and Profitability Outlook

09 Mar 2016
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This link to Supply & Demand Estimates and 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.


04 Mar 2016

Tennessee Market Highlights

04 Mar 2016
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Corn and cotton were down; soybeans and wheat were up for the week. In general, export sales have improved in recent weeks, however not as much as required to meet the current USDA annual export forecasts. Currently, the USDA projects 2015/16 marketing year exports (and change from last marketing year) to be: corn -1.65 billion bushels (down 11%); soybeans – 1.69 billion bushels (down 8%); cotton – 9.5 million bales (down 16%); and wheat – 0.78 billion bushels (down 9%). Continue reading at Tennessee Market Highlights


24 Feb 2016

2015 Planted Acreage for Corn, Cotton, Grain Sorghum, Soybeans, and Wheat in Tennessee by County

24 Feb 2016
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A new publication has been released detailing the 2015 planted acreage for corn, cotton, grain sorghum, soybeans, and wheat in Tennessee by County. To review this publication go to 2015 Planted Acreage in Tennessee.


19 Feb 2016

Tennessee Market Highlights

19 Feb 2016
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Corn, soybeans, cotton, and wheat were up for the week. Commodities continued a sideway trend this week as limited new information was available. For March futures contracts in 2016, corn has traded in a 25 ¼ cent range (a high of $3.73 ¾ on February 2nd and a low of $3.48 ½ on January 7th); soybeans have traded in a 37 ½ cent range (a high of $8.89 ½ on February 2nd and a low of $8.52 on January 6th); cotton has traded in a 5.7 cent range (a high of 63.55 on January 4th and a low of 57.85 on February 11th); and wheat has traded in a 33 ½ cent range (a high of $4.88 ½ on January 26th and a low of $4.55 on February 9th and 12th). Continue reading at Tennessee Market Highlights.


12 Feb 2016

Tennessee Market Highlights

12 Feb 2016
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Corn, cotton, and wheat were down and soybeans were up for the week. On Tuesday, the USDA released the February WASDE report. There were no major surprises on the report. However, the report did confirm growing domestic and record global grain and oilseed stocks. Domestic ending stocks and stocks-to-use ratio (in brackets), for the 2015/16 marketing year, are now estimated at 1.837 (13.56%), 0.450 (12.6%), and 0.966 (49.35%) billion bushels for corn, soybeans, and wheat, respectively. Continue reading at Tennessee Market Highlights.


11 Feb 2016

Comments on USDA Supply & Demand and Profitability Update

11 Feb 2016
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Corn imports are projected 10 million bushels higher based on recent imports of corn into southeastern U.S. feed markets. Corn exports are projected 50 million bushels lower as larger supplies of South American corn further increase competition for U.S. exports. Partly offsetting is a 25-million-bushel increase in projected U.S. corn use for ethanol based on the strong pace of ethanol production during January, as indicated by weekly Energy Information Administration (EIA) data, and higher forecast gasoline consumption. Corn ending stocks for 2015/16 are raised 35 million bushels. Continue reading at UT Monthly Crop and Profitability Outlook.