February 11, 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
Corn
This month’s USDA report did not usher in any major corn surprises, but ending stocks were forecast higher than the average trade guess. Food, seed and industrial use was raised 20 million bushels as corn for sweeteners and starch increased. Offsetting that increase was a 50 million bushel decrease in exports. Continue reading
|
Price |
Change |
|
| U.S. Dollar |
80.26 |
+1.12 |
| Crude Oil |
95.94 |
-1.83 |
| Dow |
13,944 |
-66 |
Prices and comments are reported through Thursday, February 7, 2013. Corn and wheat prices are down while cotton and soybean prices are mixed for the week through Thursday. USDA will release their February 9th report at 11 a.m. Central time on Friday. Continue reading
|
Price |
Change |
|
| U.S. Dollar |
79.18 |
-0.64 |
| Crude Oil |
97.64 |
+1.76 |
| Dow |
14,010 |
+114 |
Corn, cotton and soybean prices are up while wheat prices are down for the week. Weather and how it will affect South American grain production has been supportive of the corn and soybean markets this week. Continue reading
|
Price |
Change |
|
| U.S. Dollar |
79.82 |
+0.30 |
| Crude Oil |
95.97 |
-0.07 |
| Dow |
13,873 |
+223 |
Cotton and soybean prices are up while corn and wheat prices are down for the week. We are still seeing a certain degree of uncertainty with foreign weather keeping prices moving up or down depending on that day’s weather forecast. Continue reading
| Price | Change | |
| U.S. Dollar | 80.11 | +0.50 |
| Crude Oil | 95.39 | +1.83 |
| Dow | 13,629 | +141 |
Corn, cotton, soybeans, and wheat prices are all up for the week. An up week on prices was capped with good export numbers. At times, South American weather has been supportive of prices. Even then a Continue reading
Corn
In today’s reports, corn lead the bullish surprises mainly based on the Grain Stocks report. Stocks as of December 1, 2012 were estimated at 8.03 billion bushels which indicated a 300 million bushel higher feed and residual use than earlier projected. The trade on the average expected 8.21 billion bushels. Production was increased 55 million bushels in the annual production summary on a 1.1 bushel per acre bump in yield to 123.4 bushels per acre. Continue reading
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