SPOTTY RAINS PREVALENT ACROSS THE STATE
Depending on where you were in any given county, you either looked to the sky in hopes of a rain shower or wished the rain would stop. In most cases, however, producers were in hopes of rain. Crops are beginning to show signs of stress in some areas due to the lack of rain. Continue reading at Crop Progress 6 29 15.
Corn, soybeans, cotton, and wheat were up for the week. December corn is now trading above $4.00 for the first time since April 23rd; November soybeans rallied over 45 cents this week to close at $9.86, its highest level since March 2nd; July wheat traded above $5.60 for the first time since early January; and December cotton breached its 13 week high of 66.99 cents, closing at 67.16. Weather provided the primary fuel for the futures market rallies in corn, soybeans, and wheat. Continue reading at Tennessee Market Highlights.
Warmer weather allowed producers to finish their wheat harvest and some ground had already been planted to soybeans. Cotton replanting was practically finished while there was still acreage of soybeans to be replanted. Even with the unrelenting rains that kept producers out of fields earlier in the season, a general rain is now needed to improve crop and livestock conditions. Continue reading at Crop Progress 6 22 15.
Soybeans were up; cotton and wheat were down; and corn was mixed for the week. November soybean futures closed the week up 35 cents from last Friday, closing at $9.39. The rally was partially driven by concerns over wet conditions on the western edge of the Corn Belt. Soybean planting progress in Kansas and Missouri were estimated at 57% and 42%, well behind their 5- year average paces of 85% and 79%, respectively. At this point there is still time to get the remaining crop planted/replanted in these two states however drier conditions in the next two weeks will be required. Continue reading at Tennessee Market Highlights.
WASHINGTON, June 15, 2015 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced that eligible producers may now formally enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for 2014 and 2015. The enrollment period begins June 17, 2015, and will end Sept. 30, 2015. Continue reading at USDA Open Enrollment.
As reported by NASS on June 15, 2015
AT LAST, A WEEK OF SUNSHINE AND WARMER WEATHER
A week of sunshine and warmer weather gave producers the opportunity to plant and/or replant soybeans and cotton while giving a boost to crops already in the field. Wheat harvest continued. Both wheat yields and moisture levels were widely variable. Continue reading at Crop Progress 6 15 15.
Corn and wheat were down; cotton and soybeans were mixed for the week. The June WASDE, released on Wednesday provided additional bearish news for corn and wheat, moderate support for soybeans, and was neutral for cotton. Domestic and foreign corn ending stocks were increased 25 million and 103 million bushels, respectively. Greater estimated beginning stocks for 2015/16 resulted in the increase in domestic stocks, while greater estimated production from Brazil led foreign stocks upward. Continue reading at Tennessee Market Highlights.
June 10, 2015 – USDA World Supply and Demand Estimates
Corn The outlook for 2015/16 U.S. feed grain supplies is raised slightly this month with increases in corn and oats beginning stocks outweighing a decline for barley. Projected corn production for 2015/16 is unchanged at 13,630 million bushels, 4 percent below last year’s record level. Continue reading at Monthly Crop Outlook and Profitability Update.