Corn
This month’s USDA report did not make any changes to the current marketing year’s U.S. ending stocks but did have a couple of surprises. Ending stocks remained at 632 million bushels. Continue reading
11
Mar
2013
All posts by Chuck Danehower, Extension Area Specialist - Farm Management
08
Mar
2013
Profitability Outlook
08
Mar
2013
This table should be used as a guide as yields, prices, and expenses will vary among producers and locations. Yields are average yields for Tennessee with prices adjusted for the 2013 production year. Expenses will vary among producers and production systems. Continue reading
08
Mar
2013
Weekly Crop Marketing Comments
08
Mar
2013
|
Price |
Change |
|
| U.S. Dollar |
82.78 |
+0.41 |
| Crude Oil |
91.78 |
+1.10 |
| Dow |
14,397 |
+307 |
Cotton and soybean prices are up while corn and wheat prices are down for the week. The Dow Jones closes out the week at an all-time high. The jobs report released today was favorable with unemployment dropping from 7.9% to 7.7%. USDA released their monthly supply & demand report with mixed market reaction. Continue reading
05
Mar
2013
Assistance for Custom Rate Survey Needed
05
Mar
2013
To: Producers and Agribusinesses in Tennessee
The University of Tennessee Department of Agricultural and Resource Economics is in the process of updating the publication Farm Machinery Custom Rates by Crop Reporting Districts. It was published in 1997 so it is quite out of date. We get numerous request for custom rates throughout the year so it is a very useful publication. We need your help in obtaining a list of custom operators, farmers, and agribusiness firms. Continue reading
05
Mar
2013
Crop Insurance Prices Set
05
Mar
2013
The USDA – Risk management Agency (RMA) announced on March 1, 2013 the 2013 crop year projected prices for corn, cotton, grain sorghum, and soybeans. The projected or base price for the Yield Protection (YP), Revenue Protection (RP), and Revenue Protection with Harvest Price Exclusion (RPHPE) were $5.65 per bushel for corn, 83 cents/lb. cotton, $5.53 grain sorghum, and $12.87 soybeans. Continue reading
01
Mar
2013
Weekly Crop Marketing Comments
01
Mar
2013
|
Price |
Change |
|
| U.S. Dollar |
82.32 |
+0.73 |
| Crude Oil |
90.89 |
-2.24 |
| Dow |
14,090 |
+90 |
Corn and cotton prices are up; wheat prices mixed while soybean prices are down for the week. Without an agreement on the budget in Washington D.C., sequestration goes into effect today, March 1, with no immediate impact expected. The effects on commodity prices might be felt in the strength or weakness of the U.S. Dollar. Some analysts expect to see a stronger dollar from sequestration which generally is seen as negative on commodity prices. Continue reading
22
Feb
2013
Weekly Crop Marketing Comments
22
Feb
2013
|
Price |
Change |
|
| U.S. Dollar |
81.56 |
+0.98 |
| Crude Oil |
93.24 |
-3.17 |
| Dow |
14,000 |
+18 |
Soybeans prices are up; cotton prices mixed while corn and wheat prices are down for the week. USDA held their annual Ag Outlook Forum on February 21 & 22 and offered an overall bearish outlook for 2013 crops, especially corn and soybeans. We should keep in mind that these numbers are more statistically driven and are more or less best guesses for this point in time. Continue reading
15
Feb
2013
Weekly Crop Marketing Comments
15
Feb
2013
|
Price |
Change |
|
| U.S. Dollar |
80.54 |
+0.22 |
| Crude Oil |
95.90 |
+0.18 |
| Dow |
13,972 |
-21 |
Cotton prices are mixed while corn, soybeans, and wheat prices are down for the week. Markets will be closed Monday, February 18 for President’s Day. The USDA supply & demand reports released on February 9 were mostly neutral to friendly but other data and information has tended to overshadow those reports. Continue reading