Corn and wheat were down; cotton and soybeans were up for the week. On Thursday and Friday the USDA hosted their 91st annual Agricultural Outlook Forum in Arlington, Virginia. The conference provided preliminary estimates for the 2015/16 marketing year. Domestic planted acreage for wheat, corn, and soybeans was estimated to decrease 3.1 million acres to 228 million. Planted acreage for wheat was estimated to decrease from 56.8 million to 55.5 million. Continue reading at Tennessee Market Highlights.
All posts by Chuck Danehower, Extension Area Specialist - Farm Management
Ag borrowers who will struggle, part 2 by David Kohl
Continuation of Dr. David Kohl’s article in Corn & Soybean Digest
Recently I was a presenter at the National Agriculture Bankers Conference in Omaha, NE. For 37 years, this has been an annual stop during my Road Warrior travels. This year’s conference had over 750 agriculture bankers and lenders in attendance; the largest event in the past 20 years. Continue reading at Corn & Soybean Digest.
Ag borrowers who will struggle, part 1 by David Kohl
Check out this article in Corn & Soybean Digest by Dr. David Kohl
I recently addressed the American Bankers Association National Agriculture Bankers Conference in Omaha, Nebraska for the 37th consecutive year. I tell people I started giving speeches at this convention when I was 10 years of age, but no one believes me! This Super Bowl of education and learning over four days leaves attendees chock-full of information and ideas. In many sessions, discussion ensued concerning the borrowers who were going to struggle in the coming years as agriculture economics transitions. Three specific groups to watch are those businesses that utilized too much of their profits and working capital to purchase land, those who acquired machinery to reduce income taxes and those with high debt levels. Continue reading at Corn & Soybean Digest.
Tennessee Market Highlights
Corn, soybeans, cotton, and wheat were up for the week. On Tuesday February 10th, the USDA released its monthly World Agricultural Supply and Demand Estimates (WASDE) report. As expected, the report did not contain any major revisions and overall was not a major market mover. Continue reading at Tennessee Market Highlights.
Comments on February 10 USDA Report and Profitability Update
U.S. feed grain ending stocks for 2014/15 are projected lower with reductions for corn, sorghum, and barley. Corn accounts for most of the reduction with projected use in ethanol production raised 75 million bushels on higher forecast 2015 gasoline consumption by the Energy Information Administration. Continue reading at USDA S & D Report Comments and Profitability Update.
Tennessee Market Highlights
Corn, soybeans, cotton, and wheat were up for the week. As we move through February and March, producers and landowners will be faced with several important decisions. First, landowners have a onetime decision whether to reallocate base acres and update program yields on their FSA farms by February 27, 2015. Continue reading at Tennessee Market Highlights.
Tennessee Market Highlights
Corn, soybeans, and wheat were down; cotton was up for the week. January saw corn, soybean, wheat, and cotton prices move lower. In January, March corn futures peaked January 6th at $4.09 and closed the month at $3.70 (down 39 cents); March soybean futures peaked January 8th at $10.62 and closed the month at $9.61 (down $1.01); March wheat futures peaked Janu-ary 6th at $6.03 and closed the month at $5.02 (down $1.01); and March cotton futures peaked January 6th at 61.25 and closed the month at 59.36 (down 1.89 cents). Continue reading at Tennessee Market Highlights.
Cotton analysts, hedging experts hold free seminar in Memphis Feb. 10
Rarely do this many cotton analysts gather in the same place at the same time and offer cotton producers unique and timely insight on marketing strategies and market outlooks — and at no cost. Continue reading at Delta Farm Press.