Now that we have the final yields for 2014 and a somewhat guess on average market prices, how did producers in Tennessee do in 2014? The Jan. 12 USDA Crop Production Annual Summary confirmed 2014 was a big crop for grains in Tennessee. Continue reading at Southeast Farm Press.
Soybeans, cotton, and wheat were down; corn was mixed for the week. Grains and oilseeds have continued to slide lower as we progress through January. Large projected domestic and global ending stocks for the 2014/15 marketing year for corn, soybeans, wheat, and cotton loom in the back-ground. Continue reading at Tennessee Market Highlights.
Corn
U.S. feed grain supplies for 2014/15 are projected lower with a reduction in corn production more than offsetting an increase in sorghum. Harvested area for corn is increased slightly, but the national average yield is estimated 2.4 bushel per acre lower at 171.0 bushels per acre. Corn production is estimated 191 million bushels lower. Yield and production, however, both remain records. Continue reading at Comments on January 12 USDA report including Profitability Update.
Corn, soybeans, cotton, and wheat were down from last week. On Monday,
the USDA released several reports including the January WASDE report.
Highlights of these reports by commodity were: Corn: Domestic yield was reduced 2.4 bpa to 171 bpa resulting in a decrease in estimated production of 191 million bushels. Continue reading at Tennessee Market Highlights.
As I visit with farmers in Tennessee, one of the common statements I have heard is that 2014 was one of the best yielding crops ever, but that doesn’t mean it was the most profitable year. Many times they have said 2014 was the most expensive crop ever. That has left many producers coming up short in paying all their bills and loans. Continue reading at Southeast Farm Press.
Corn, soybeans, and cotton were up; wheat was down from last week. In
early 2015, row-crop producers and landowners will be required to make
several interrelated decisions under the 2014 Farm Bill. These decisions will
be in place for the next five years, so it is important for producers and landowners
to weigh their options carefully. Continue reading at Tennessee Market Highlights.
Farm Bill meetings for producers, landowners, and agri-industry in Tennessee have been scheduled in January and February. Topics Include Farm Bill Programs & Decisions Specific to Row Crop Production in Tennessee: Base Acre Reallocation, Yield Updates, Agricultural Risk Coverage (ARC), Price Loss Coverage (PLC), Supplemental Coverage Option (SCO), and FSA Online Decision Aids. Continue reading at 2015 TN Farm Bill meetings.
Corn, soybeans, cotton, and wheat were down from December 19th. Since reaching a 5-month contract high on December 29th of $4.17/bu, March corn has dropped 22 cents closing on Friday at $3.95/bu. March soybeans achieved a 1-month high on December 29th of $10.68, before dropping 61 cents in three trading days to close this Friday at $10.07/bu. Continued vola-tility in grain and oilseed future markets are likely to persist as we move further in to 2015. Currently, a good argument can be made for further price declines or a rally in early 2015. Those bullish in grain and oilseed markets will point to the demand side where exports, domestic soybean demand, and corn ethanol use have exceeded USDA expectations to date. Continue reading at Tennessee Market Highlights.