As reported by NASS on September 29, 2014
PASTURES IN NEED OF RAIN
Dry weather stressed pastures across most of the State. A good general rain is needed for their revitalization and also to provide needed moisture for fall planted crops. The lack of rain did allow row crop producers to bring progress closer to the 5-year averages. There were 6.6 days suitable for field work last week. Continue reading at Crop Progress 9 28 14.
Corn, cotton, and soybeans were down; wheat was mixed for the week. Corn and soybean harvests continue to produce higher than expected yields lead-ing many to believe that the already record USDA estimated yields of 171.7 bpa for corn and 46.6 bpa for soybeans will be increased in the October WASDE. Continue reading at Tennessee Market Highlights for September 26, 2014.
The sign up period for the Cotton Transition Assistance Program ends October 7, 2014. Producers and landowners with a FSA cotton base are eligible to sign up and receive a payment. This program is paid on the base acres and not on planted acres. The payment rate is 9 cents per pound of payment yield on 60% of the cotton base or in other words 5.4 cents on 100% of the cotton base. Due to the Budget Control Act of 2011 this will be reduced to 5.01 cents . For more information and to make an appointment to sign up contact your local Farm Service Agency (FSA) office. For more information, please read the news release
As reported by NASS on September 22, 2014
PRODUCERS FACE WEATER CHALLENGES, WINTER WHEAT PLANTING, COTTON HARVEST BEGINS
As weather permitted, producers actively harvested spring planted crops. Some excellent corn yields were reported. A small amount of winter wheat has been seeded and cotton harvested. Cotton defoliation was delayed due to cool, cloudy weather. There were 5.7 days suitable for field work last week. Continue reading at Crop Progress 9 21 14 .
Corn, cotton, soybeans, and wheat were down for the week. Friday saw new harvest futures contract lows for both soybeans and corn of $9.56 and $3.31, respectively. The size of this year’s crop will continue to provide downward pressure for corn and soybean futures and weaken basis across the state. In Tennessee, cash corn prices dipped below $3.00 in some locations. At this time, it is unlikely that we have seen the harvest low for either soybeans or corn as the record harvest is just underway and a strong downward trend persists in futures markets for both commodities. Continue reading at Tennessee Market Highlights
As reported by NASS on September 15, 2014
CORN, SOYBEAN HARVEST CONTINUES, THEN STALLED BY RAIN
Producers continued their harvest of corn, early soybeans, and milo but rain hindered progress late in the week. Though reminiscent of the wet weather that slowed plantings, these rains benefitted late soybeans and pasture. As of September 1, record corn yield and production for the State was forecast. There were reports of armyworms in Bermuda grass and disease in tobacco. Continue reading at Crop Progress 9 14 14.
Corn, soybeans, and wheat were down; cotton was up for the week. The September WASDE and Crop Production reports were released on Thursday. The reports confirmed record domestic yields and production for soybeans and corn. Average corn yields were estimated to be 171.7 bpa for the U.S. and 152 bpa for Tennessee. Continue reading at Tennessee Market Highlights.