Recent Updates

Mid South Agricultural Finance Conference – August 8

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The annual Mid-South Agricultural Finance Conference is scheduled for August 8 on the campus of UT Martin in the Ed Boling University Center. The Mid-South Agricultural Finance Conference serves the lender/producer team by providing the most up-to-date and relevant information needed to grow farm operations’ bottom lines. The mission of the conference is to deliver high-quality, timely, and practical financial tools and economic information to Mid-South lenders and producers. Toward that end, the conference hosts the most renowned and respected agricultural finance and economic experts in the U.S. Registration information can be found at Mid-South Ag Finance Conference. A  special Financial & Management Boot Camp workshop will be held the day before on August 7.  Information on this pre-conference event can be found at Financial & Management Boot Camp.  Make plans to attend these informative sessions.  The agenda for the conference is listed below. Early registration by July 6 is encouraged, after July 6 registration goes up $25. Continue reading

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Tennessee Weekly Crop & Weather Report

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CROPS IN GOOD CONDITION; ADDITIONAL RAINS STILL NEEDED

Timely showers in some areas allowed both crop progress and condition to flourish. Additional rains are still needed to stimulate pasture growth and to aid producers in making progress in planting soybeans behind wheat harvest. There were 4.8 days suitable for field work. Topsoil moisture was 1 percent very short, 15 percent short, 74 percent adequate, and 10 percent surplus. Subsoil moisture was 1 percent very short, 13 percent short, 76 percent adequate, and 10 percent surplus. Continue reading at  TN_06_25_18.   The U.S. Crop Progress report can be read at CropProg-06-25-2018.

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Tennessee Market Highlights

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Corn, cotton, soybeans, and wheat were down for the week. Early this week commodity prices continued the three week sell off before stabilizing by the end of the week. From June 1, corn, soybean, wheat, and cotton harvest futures are down 35 ½, 118 ½, 33 ¼, and 6 .32 cents. The decrease in prices have been sudden and deep. The reasons for the decline are three fold 1) great growing conditions to date; 2) the escalation of trade tensions with China and other countries; and 3) the liquidation of long positions in corn and soybeans by investment money. All three are intertwined in the price decline as without 1 and 2, 3 wouldn’t have occurred (or would at the least been muted to a large extent. Continue reading at Tennessee Market Highlights.

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Cotton Insect Situation

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Tarnished plant bug infestations are sporadic and variable, mostly a scout a spray scenario. I’ve had a number of comments, especially from the Mississippi River Bottoms, about seeing more clouded plant bugs than usual. Prior to bloom, I count them as equivalent to tarnished plant bug when sampling and making treatment decisions. Once bolls are present, I suggest counting them as equivalent to 1.5 tarnished plant bugs because they are more inclined to injure bolls. Don’t forget to monitor square retention. The goal is to reach first bloom with at least 80% retention Continue reading

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June 21, 2018 Webinar: Dr. Aaron Smith on Marketing Corn and Soybeans during the Growing Season: 2018 Outlook and Pricing Opportunities

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Dr. Aaron Smith with UT Extension will present a webinar in conjunction with The University of Arkansas on Thursday June 21 at 3 p.m. central time. To register for this free webinar go to http://bit.ly/UAEX-Marketing-Corn-Soybeans-Smith

 Title: Marketing Corn and Soybeans during the Growing Season: 2018 Outlook and Pricing Opportunities

Time: June 21, 2018 3:00 PM in Central Time (US and Canada)

 Presenter: Dr. Aaron Smith, Assistant Professor, Department of Agricultural and Resource Economics, University of Tennessee – Recipient 2015 Premier Forecaster Award by the Agricultural & Applied Economics Association Extension Section

 Description: The presentation will examine the current market outlook for corn and soybeans including an overview of global and domestic supply and demand. In-season marketing and risk management strategies and opportunities for corn and soybean producers will be discussed. Lastly, 2018 and 2019 price projections and factors that could influence corn and soybean prices will be presented.

Registration Link: http://bit.ly/UAEX-Marketing-Corn-Soybeans-Smith

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Tennessee Weekly Crop & Weather Report

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WHEAT HARVEST IN FULL SWING

Spotty showers caused slight delays in wheat and hay harvest, but did not keep farmers from making significant progress. Cotton and soybean producers were busy spraying their crops. High temperatures and humidity continued to put stress on livestock. There were 5.5 days suitable for field work. Topsoil moisture was 1 percent very short, 16 percent short, 78 percent adequate, and 5 percent surplus. Subsoil moisture was 2 percent
very short, 14 percent short, 76 percent adequate, and 8 percent surplus. Continue reading at TN_06_18_18. The U.S. Crop Progress report can be read at CropProg-06-18-2018.

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