NCC’s annual Cotton Planting Intentions survey estimates total 2016 US cotton acreage at 9.1 million acres, up 6.2% from 2015. Tennessee is estimated at 193,000 acres and if realized would be up 25% from 2015. Continue reading at NCC Survey Results.

Corn, soybeans, cotton, and wheat were down for the week. Commodity prices moved sideways at the beginning of the week and down on Friday. Reports this week out of South America should be considered neutral to bearish for corn and soybean prices. The further we move into February and March, the more production uncertainty will be removed from the Argentine and Brazilian crop – this will be negative for prices if the record large crop is realized. Harvest has already commenced on early planted soybeans in South America, but the majority of their soybeans will not be harvested until late February or March. Continue reading at Tennessee Market Highlights

Corn, soybeans, and wheat were up; cotton was down for the week. March corn futures have moved sideways for the past two weeks. Producers that have corn in storage should consider additional sales at the top end of the current futures range ($3.70-$3.72), particularly in areas where a beneficial basis currently exists. Currently, many locations in Tennessee have a strong positive basis (10 to 35 over the March contract). Cash prices near/above $4.00 are very good selling opportunities that should not be allowed to pass idly by. December 2016 corn futures are up almost 20 cents from the contract low of $3.74 ½ on January 7th. Continue reading at Tennessee Market Highlights.

Corn, cotton, and wheat were up; soybeans were down for the week. March corn has rallied almost 20 cents since establishing a new contract low of $3.48 ½ on January 7th. March soybeans are up about 15 cents since the start of the year. However, significant resistance appears to be forming near $8.90. March cotton remains trapped in a 3 cent trading range (61-64 cents). March wheat has moved sideways since the USDA’s Winter Wheat Seedings report indicated domestic acreage was down 2.85 million acres. Continue reading at Tennessee Market Highlights.

Corn and soybeans were up; cotton was mixed; and wheat was down for the week. How do current harvest futures prices compare to the same time last year? On January 14: December 2015 corn futures were trading at $4.08 ½, 26 ½ cents higher than December 2016 corn futures ($3.82); November 2015 soybean futures were trading at $9.91 ¼, $1.01 higher than November 2016 soybean futures ($8.90 ¼); December 2015 cotton futures were trading at 63.01, 0.3 cents higher than December 2016 cotton futures (62.71); and July 2015 wheat futures were trading at $5.45 ¼, 64 ¾ cents higher than July 2016 wheat futures ($4.80 ½).  Continue reading at Tennessee Market Highlights.

Corn, soybeans, cotton, and wheat were down since Friday, December 18. December was a rough month for corn, soybeans, and wheat with the March, January, and March futures contracts, for corn, soybeans, and wheat, finishing down 13 ½, 9 ¾, and 4 cents, respectively, from where they opened the month. Cotton was the lone commodity, out of four, that had a positive month, as March cotton increased a modest 0.54 cents in December. This December was perhaps a fitting close to an underwhelming commodity price environment for many producers in 2015. Continue reading at Tennessee Market Highlights.