As reported by NASS on November 23, 2015
DESPITE RAIN, PRODUCER CROP PROGRESS NEAR
PREVIOUS AND FIVE YEAR AVERAGES
Despite rains last week and low number of days suitable for field work, producers took full advantage of days they could get into the field to harvest cotton and soybeans, as well as seed wheat. Harvest of cotton and soybeans, as well as wheat seeding approached or surpassed average progress. Continue reading at Crop Progress 11 22 15.
Corn and soybeans were up; wheat was down; and cotton was mixed for the week. Markets were reasonably quite this week trading mostly sideways in tight ranges as we approach the holiday season. March corn appreciated modestly this week trading between $3.64 and $3.72. Seasonally, this is the time of year when corn prices have a post-harvest rally however producers should not anticipate the 79 cent rally, off the low, that last year’s March corn contract achieved. Continue reading at Tennessee Market Highlights.
As reported by NASS on November 16, 2015
RAINS CONTINUE TO HINDER HARVEST
Rainfall continued to hinder producers who are trying to finish harvesting row crops and planting small grains. However, the moisture did give a boost to recently emerged wheat. Some East Tennessee cattle producers began feeding hay to supplement their pastures, rain continues to be advantageous to pastures in the rest of the state. Continue reading at Crop Progress 11 15 15.
Corn, soybeans, and wheat were down; cotton was up for the week. On Tuesday, the USDA released a very bearish WASDE report for grains and oilseeds. Corn received the worst of the news (although there was plenty of negative price news to be spread across commodities). Average U.S. corn yield was increased 1.3 bu/acre to 169.3 bu/acre. Continue reading at Tennessee Market Highlights.
Corn production in Tennessee is forecast at 114 million bushels, down 3 percent from the October forecast and down 20 percent from the previous crop. Yield was estimated at 160.0 bushels per acre, down 5.0 bushels from last month and down 8.0 bushels from the 2014 level. Continue reading at NASS News Release.
November 10, 2015 – USDA World Supply and Demand Estimates
Corn
Projected 2015/16 U.S. feed grain supplies are raised this month on higher forecast production for corn and sorghum. Corn production is forecast 99 million bushels higher with the national average yield raised 1.3 bushels per acre to 169.3 bushels, just 1.7 bushels below last year’s record. Projected domestic corn use for 2015/16 is lowered 50 million bushels as a 25-millionbushel increase in expected feed and residual use, with the larger crop and lower expected prices, is more than offset by a 75-million-bushel reduction in corn used to produce ethanol. Continue reading at Monthly Crop & Profitability Outlook .
As reported by NASS on November 9, 2015
FALL HARVEST AND PLANTING HALTED BY RAIN AGAIN
Rain continues to plague producers who are trying to finish harvesting row crops and planting small grains. As was the case last week, harvest of corn, cotton, and soybeans mostly ceased over most of the State last week, as did planting of small grains, due to rain. Producers need several days of uninterrupted sunshine to finish harvest and planting. Continue reading at Crop Progress 11 8 15.
Corn, cotton, and soybeans were down; wheat was up for the week. In October, December corn futures declined 5 ½ cents from $3.87 ¾ to $3.82 ¼. Increased estimated domestic production and reduced exports were the primary drivers in the futures price decline. Increasing US corn exports will continue to remain challenging as the strength of the USD and high global corn stocks remain a significant hurdle. Continue reading at Tennessee Market Highlights.