Released: November 10, 2016
November 1 Tennessee Crop Production Forecast
Corn production in Tennessee is forecast at 118 million bushels, unchanged from the October forecast and up 1 percent from the previous crop. Yield was estimated at 148.0 bushels per acre, unchanged from last month and down 12.0 bushels from the 2015 level. Acres for harvest as grain were estimated at 800,000 acres, up 70,000 acres from 2015. Continue reading at novcrop16_tn.

This link to November 9, 2016 – USDA World Supply and Demand Estimates contains 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 for 2017 based on Tennessee state average yield projections and estimated price offerings for 2017(note: cotton prices include a seed and hauling rebate). Variable expenses are based on the University of Tennessee Extension 2016 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 2016 Row Crop Budgets. This section provides an estimation of the current relative profitability amongst major row crops in Tennessee.

SCORCHING, DAMAGING DRY CONDITIONS CONTINUE

Rain is desperately needed across the State. Dry conditions caused pasture conditions to steadily decline. Producers continue to feed hay as supplies allow and haul water as ponds dry up. The weather is beginning to have an economic impact, as some producers are having to sell cattle at a lower price. Some wheat farmers hesitate to plant because of fear the crop will not germinate in these weather conditions. Others worry that their already planted crops will produce spotty or no stands. Continue reading Tennessee NASS report at tn_11_07_16. The U.S. Crop Progress report can be read at cropprog-11-07-2016.

Corn, cotton, and soybeans were down; wheat was up for the week. In October, November soybean futures increased 48 cents from $9.54 to $10.02 and December corn futures increased 18 cents from $3.36 to $3.54. December cotton futures increased 0.78 cents/lb in October from 68.08 to 68.86 cents/ lb. Prices have established a new trading range with support at 66 cents and resistance at 72 cents. As harvest is completed, it will be interesting to see if cotton futures can push into and maintain the 70+ cent price level. Continue reading at Tennessee Market Highlights.

The PRELIMINARY report for the 2016 Corn Grain Tests in Tennessee is now available at www.varietytrials.tennesse.edu and www.utcrops.com. This report has been reviewed by all industry and academic collaborators but is still under departmental review. The final version of the report will be made available after all reviews are complete.

Getting ready to plan for next season? Make sure to check out the searchable database containing UT disease ratings and yields from 2013-2015 cultivar summaries, and soon to include 2016 data, at search.utcrops.com Continue reading →