Corn and wheat prices are up; cotton and soybean prices are down the week. The U.S. Dollar Index traded at 80.68 before the close, up 0.52 for the week. The Dow Jones Industrial Average before the close was 13,123 up 16 points for the shortened trading week. Crude Oil was trading at 84.80 a barrel, down 1.48 a barrel for the week. Continue reading
As reported by NASS on October 31, 2012
GOOD WEEK FOR HARVEST
Cotton and soybean harvest progress continued on target with the normal pace in spite of rainfall received late in the week. In addition to harvest activities last week, producers were actively drilling wheat, stripping tobacco, preparing tobacco for sale, applying lime, and marketing calves. Cattle producers started preparing for the winter months and pastures continued to be rated in fair-to-good condition for this time of year. Continue reading
Soybean prices are up; corn and cotton prices are down with wheat prices mixed for the week. The U.S. Dollar Index traded at 80.16 before the close, up 0.47 for the week. The Dow Jones Industrial Average before the close was 13,114 down 229 points for the week. Crude Oil was trading at 86.26 a barrel, down 3.92 a barrel for the week. The 3rd quarter Gross Domestic Product (GDP) growth came in at 2% slightly stronger than the 1.8% traders expected and higher than the 2nd quarter number of 1.3%. Continue reading
As reported by NASS on October 22, 2012
CARBON COPY OF PREVIOUS WEEK —
HARVEST CONTINUES BUT SLOWED BY RAIN
Farmers continued last week with the fall harvest but rains kept them out of the field for two days. Harvest, though, remains near an average pace. The soybean and cotton crops were basically mature at week’s end and awaiting harvest when appropriate. The harvest focus is on soybean fields many of which need to dry down further before harvest. Reported yields per acre to date have been highly variable. Continue reading
Corn, cotton, soybean, and wheat prices are all up for the week. The U.S. Dollar Index traded at 79.68 before the close, down 0.06 for the week. The Dow Jones Industrial Average before the close was 13,360 up 41 points for the week. Crude Oil was trading at 90.22 a barrel, down 1.64 a barrel for the week. The U.S. Seasonal Drought Outlook released this week indicates a persistence of the drought in the western Midwest throughout the fall and early winter. Continue reading
As reported by NASS on October 15, 2012
FALL HARVEST PROGRESSED AT A GOOD RATE DESPITE RAINFALL
Farmers continued, between rain showers, to make relatively good harvest progress last week. At week’s end, hay and corn harvest were virtually finished. Growers have turned their focus to gathering the soybean and cotton crops and hope to complete tobacco harvest this upcoming week. Other endeavors included wheat seeding, stripping tobacco, fall calving and insect control. Continue reading
Corn prices are up; cotton and soybean prices are down with wheat prices mixed for the week. The U.S. Dollar Index traded at 79.75 before the close, up 0.32 for the week. The Dow Jones Industrial Average before the close was 13,324 down 286 points for the week. Crude Oil was trading at 91.73 a barrel, up 1.85 a barrel for the week. USDA released a grain friendly supply and demand report on October 11 that has led way to profit taking today on the heels of poor grain export numbers. Continue reading
This table should be used as a guide as yields, prices, and expenses will vary among producers and locations. This table is a look at the start of the 2013 planning process as wheat is currently being planted. Yields are average yields for Tennessee with prices adjusted for the 2013 production year. Expenses will vary among producers and production systems. Continue reading