Corn, cotton, and wheat were up; soybeans were down for the week. On Thursday, the USDA released updated tables with long-term projections for key agricultural commodities (2014-2024). Highlights of the report for each commodity are: Corn: In 2015, planted acreage was estimated at 88 million  acres down 2.9 million acres from 2014. Marketing year average farm price for the next five years was estimated from a low of $3.40 (2015) to a high of $3.55 (2019). Continue reading at Tennessee Market Highlights.

Corn, cotton, soybeans, and wheat were up for the week. Corn producers may want to consider pricing some of their 2015 production as December corn is currently at $4.31/bu, which is the highest price since early July and above many breakevens. The December WASDE released on Wednesday contained limited new information and no major surprises. U.S. corn ending stocks were decreased 10 million bushels to 1.998 billion for the 2014/15 marketing year. Continue reading at Tennessee Market Highlights.

Corn, soybeans, and wheat were up; cotton was down for the week. March corn futures have traded flat since October 28th in a range of $3.71 to $4.01. Due to record production and the 2 billion plus bushel carry over, producers should be cautious carrying unpriced corn into 2015 as it is likely we will see the market trade flat to down in early 2015. Soybean export sales continue to provide price support as net sales commitments year-to-date are near 1.46 billion bushels for the 2014/15 marketing year com-pared to the USDA estimated marketing year total of 1.72 billion bushels (2014/15 marketing year is from September 1, 2014 to August 31, 2015). Continue reading at Tennessee Market Highlights

Corn, cotton, and wheat were up; soybeans were down for the week. Since October 27th, March corn futures have traded between $3.70 and $4.01; it is likely that this trading range will persist as we conclude the 2014 calendar year. Moving into 2015, corn prices are likely to have more downside price pressure as farmers bring the record crop to market. Producers should be cautious about carrying unpriced corn into 2015 as limited upside potential exists. Continue reading at Tennessee Market Highlights .

Corn, cotton, and wheat were down; soybeans were up for the week. December 2014 corn started the week at $3.81 per bushel decreased 19 cents before rebounding on Thursday from strong export sales numbers, closing down 9 cents for the week. As we move through the holiday season, it is likely that we will see March corn continue trading between $3.50 and $4.00, however as we move into the new year prices may turn lower as the record crop moves to market. Continue reading at Tennessee Market Highlights.

Corn and wheat were up; cotton and soybeans were down for the week. Estimated domestic corn yields were dropped 0.8 bpa to 173.4 bpa in the latest USDA-WASDE report surprising many analysts, as most thought that the USDA would increase corn yields. At this point, minor revisions to corn yield will not substantially change the estimated 2 billion bushel carryover into the next marketing year. As such, there is limited upside in corn futures prices for this marketing year, until new information is revealed. Continue reading at Tennessee Market Highlights.