Prices have been updated after the July 11th USDA Supply & Demand report. The midpoint of USDA’s price projections are $4.80 bushel corn, $0.80 pound cotton ($0.88 with seed rebate, etc.), $4.40 bushel grain sorghum, $10.75 bushel soybeans, and $7.15 bushel wheat. These estimates for corn, grain sorghum, and soybean prices are below the breakeven prices at the bottom of the table. Continue reading
Make plans to attend the August 7, 2013 Mid South Ag Finance Conference at The University Center on the campus of The University of Tennessee at Martin. The conference runs from 8:00 a.m. to 3:00 p.m. Registration information can be found at http://www.utm.edu/staff/banking/agconference/. Continue reading
As reported by NASS on July 8, 2013
HEAVY RAINS HALT FIELD ACTIVITY FOR MUCH OF THE STATE
Weather conditions varied across the state last week, with the state averaging about 3.5 days suitable for field work. However, much of middle and eastern Tennessee saw fewer days suitable for field work due to heavy rains, which caused flooding in some low-lying areas. Early last week some farmers were in the field trying to wrap up their wheat harvest and get the last of their soybeans planted. Though the rain did cause a slight setback, it was needed and corn, soybeans, and tobacco were rated in mostly good-to-excellent condition. Continue reading
Tennessee Market Highlights for July 5, 2013 has been posted at market070513. Continue reading
Click on this link for the latest issue of the Farm MANAGEment Minute –FarmManagementMinute_Issue2. Continue reading
Click on this link for Dr. Aaron Smith’s comments on the June 28 USDA Grain Stocks and Acreage Reports – http://economics.ag.utk.edu/news13.html. Continue reading
As reported by NASS on July 1, 2013
2013 CROPS IN GOOD SHAPE COMING INTO JULY
This past week was a peculiar one in regards to weather conditions, marked by spotted showers across the state. On average, farmers had five-and-a-half days suitable for field activity. Many farmers were active harvesting the wheat crop, with harvest jumping 39 percent from the previous week. Heavy wheat stands led to thick stubble which had to be burned in order for soybeans to be planted. Continue reading
Tennessee Market Highlights for June 28, 2013 has been posted at market062813