Corn, cotton, and soybeans were down; wheat was mixed for the week. Corn and soybean harvests continue to produce higher than expected yields lead-ing many to believe that the already record USDA estimated yields of 171.7 bpa for corn and 46.6 bpa for soybeans will be increased in the October WASDE. Continue reading at Tennessee Market Highlights for September 26, 2014.
Corn, cotton, soybeans, and wheat were down for the week. Friday saw new harvest futures contract lows for both soybeans and corn of $9.56 and $3.31, respectively. The size of this year’s crop will continue to provide downward pressure for corn and soybean futures and weaken basis across the state. In Tennessee, cash corn prices dipped below $3.00 in some locations. At this time, it is unlikely that we have seen the harvest low for either soybeans or corn as the record harvest is just underway and a strong downward trend persists in futures markets for both commodities. Continue reading at Tennessee Market Highlights
Corn, soybeans, and wheat were down; cotton was up for the week. The September WASDE and Crop Production reports were released on Thursday. The reports confirmed record domestic yields and production for soybeans and corn. Average corn yields were estimated to be 171.7 bpa for the U.S. and 152 bpa for Tennessee. Continue reading at Tennessee Market Highlights.
Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. The corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn supplies for 2014/15 are projected at 15,607 million bushels, up 826 million bushels from the previous record in 2013/14. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Continue reading Dr. Aaron Smith’s comments at USDA Supply & Demand Estimates and Profitability Outlook.
Corn, soybeans, cotton, and wheat were down for the week. Harvest corn and soybean futures made moves lower this week. November soybeans es-tablished a new low of $10.01 before rebounding on Friday to $10.21. De-cember corn also set new contract lows at $3.43. Record production for corn and soybeans continues to become a more apparent reality with each pass-ing week. Frost concerns will continue to be prevalent in northern production areas particularly for late planted soybeans in the Dakotas and Minnesota. Producers should be looking at any rallies in corn and soybean futures markets as opportunities to price additional production. Continue reading at Tennessee Market Highlights .
Cotton was up; wheat was mixed; corn and soybeans were down for the week. Harvest corn futures continued to trade sideways for the sixth consec-utive week. Average domestic corn yields are very likely to exceed the 2009 record of 164.7 bpa. Many analysts have 2014 yield estimates above 170 bpa (the USDA estimated yields at 167.4 bpa in the August WASDE). As a result of the estimated record yield, 2014 corn production is estimated at 14.031 billion bushels (above the current record of 13.925 billion bushels set in 2013). Continue reading at Tennessee Market Highlights.
Cotton was up; corn, wheat, and soybeans were mixed for the week. December corn has been trading sideways since July 21 in a range of $3.60 to $3.85 per bushel. Yield estimates from the Midwest Crop Tour for corn have been above 2013 yields with the exception of South Dakota (2014:152 bpa vs. 2013:161 bpa) and Minnesota (2014:170 bpa vs. 2013:181 bpa). Continue reading at Tennessee Market Highlights
Comments on the August 12, 2014 USDA World Supply & Demand Estimates including an update on the Profitability Outlook have been posted at USDA WASDE & Profitability Outlook .