Recent Updates

This Week in Dicamba Training….

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Here’s a look at Dicamba training opportunities over the next seven days:

  • Jan. 26 – Gibson Co. Extension Office – 9 a.m.
  • Jan. 26 – Tipton Co. Extension Office – 9 a.m.
  • Jan. 29 – Fayette Co. Extension Office – 9 a.m. & 2 p.m.
  • Jan. 29 – KY Producers Farming in TN – Amberg Farm Shop, Hickman, KY – 10 a.m.
  • Jan. 30 – Gibson Co. Extension Office – 9 a.m.
  • Jan. 30 – Middle TN Grain Conference – Coffee Co. Fairgrounds – 3 p.m.
  • Jan. 31 – Hardeman Co. – Jimmy Sanders, Whiteville – 10:30 a.m.
  • Feb. 1 – West TN Grain Conference – Dyer Co. Fairgrounds – 3 p.m.
  • Feb. 1 – Rutherford Co. Extension Office – 6 p.m.

For a complete list of remaining training opportunities, Continue reading

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TAPA (Tennessee Agricultural Production Association), Wednesday, Feb. 7, 2018

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The Tennessee Agricultural Production Association is having its Winter Agronomic Workshop on Wednesday, February 7, 2018 at the Doubletree Hotel in Jackson, Tennessee. Registration will open at 7:00 a.m., with presentations kicking off at 8:00 a.m. Lunch will be provided. To review the day’s agenda, please click here: Meeting Agenda

The last day to pre-register is January 31. If you prefer, you can register at the door Continue reading

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Cotton Focus February 8th at First United Methodist Church in Downtown Jackson

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The 2018 UT Cotton Focus is only a few weeks away. Please note we will host this year’s event Thursday, February 8th at the First United Methodist Church in Downtown Jackson (200 S. Church St JacksonTN 38301) due to renovation of the WTREC facility.  

Registration starts at 8AM and the event will end with a provided lunch.  After lunch, Dr. Larry Steckel will be conducting UT Extension’s Dicamba Stewardship Training. Continue reading

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UT Commodity Market Update

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Corn: Over the last three weeks, March corn futures have traded sideways. On January 1, 2018, March corn futures opened at $3.51 and closed today at $3.52. September corn futures have followed the exact same pattern. September 2018 futures opened at $3.75 on January 1 and closed at $3.76 as of today’s market close. The latest USDA estimate has ending stocks forecasted to be higher and demand to be slightly lower. The USDA is also projecting that global production for coarse grains, which includes corn, to be higher for 2017/18. The size of the South American crop will also have an impact on the upside potential of corn futures. Cash basis is averaging $0.05 while new crop basis is currently averaging -$0.15 as of market close. Continue reading

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Tennessee Market Highlights

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Corn, cotton, soybeans, and wheat were up for the week. Prices were up this week after last week’s USDA reports release. Export sales remain important for old crop prices. Currently, corn, soybean, and wheat sales are behind the export sales pace required to meet USDA’s marketing year projection. Corn export sales commitments are currently 2% behind the 5-year average, while wheat and soybeans lag the 5-year average by 6% and 14%,  respectively. Cotton export commitments are currently exceeding the 5-year average pace by 11%.

Closing the export sales gap for corn, soybeans, and wheat will be essential to avoid further buildup of domestic stocks. Cotton exports continue to fuel the nearby futures rally, however, harvest 2018 futures have been resistant to moving beyond 75-76 cents. New crop relative prices between corn, soybean, and cotton will be closely followed as producers gear up for 2018 planting. Continue reading at Tennessee Market Highlights.

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This Week in Dicamba Training…

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Here’s a look at Dicamba training opportunities over the next seven days:

  • Jan. 23 – Hardin Co. Courthouse – 11 a.m.
  • Jan. 23 – Stewart Co. Visitor Center – 9:30 a.m.
  • Jan. 23 – Tipton Co. Extension Office – 9 a.m.
  • Jan. 23 – Wayne Co. Courthouse – 9 a.m.
  • Jan. 24 – Tipton Co. Extension Office – 9 a.m.
  • Jan. 25 – Fayette Co. Extension Office – 9 a.m.
  • Jan. 25 – Mid-South Farmers Co-op, Mercer Location – 9 a.m.

For a complete list of remaining training opportunities, Continue reading

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Tennessee Market Highlights

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Cotton was up; corn, soybeans, and wheat were down for the week.
On Friday, USDA released three reports Winter Wheat and Canola Seedings,
Grain Stocks, and World Agricultural Supply and Demand Estimates (WASDE).
By the end of the day wheat, cotton, and corn were down and soybeans were
up. Continue reading at Tennessee Market Highlights.

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January 12th Supply and Demand Estimates and Profitability Outlook

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The UT Monthly Crop Comments are a summary of the USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) report. Domestic balance sheets for corn, soybeans, cotton, and wheat are displayed along with price reaction in futures markets for each commodity on the day of the report release. Additionally, supply and demand estimates for key importing and exporting countries are provided for the current month along with change in estimates from the previous report. The Profitability Outlook section contains estimated returns per acre for each commodity based  on 2017 Tennessee state average/trend yields and current price offerings (note: cotton prices include a seed and hauling rebate). Variable expenses are based on the University of Tennessee Extension 2018 Row Crop Budgets. Prices are updated monthly; expenses are updated as warranted during the year and may be different than the expenses contained in the 2018 Row Crop Budgets. This section provides an estimation of the current relative profitability amongst major row crops in Tennessee.
The report is prepared monthly by Dr. Aaron Smith and Chuck Danehower.
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