Corn production is forecast 80 million bushels higher at a record 14,475 million bushels as lower reported area is more than offset by a 2.5-bushel-per-acre increase in the yield. Corn supplies for 2014/15 are projected at 15,736 million bushels, up 129 million from last month reflecting both higher production and a 55-million-bushel increase in beginning stocks from the September Grain Stocks report.  Continue reading at Dr. Aaron Smith’s comments . Profitability update for 2015 is on pages 13-16.

Corn, soybeans, cotton, and wheat were up for the week. Today the USDA released their monthly Crop Production and World Agricultural Supply and Demand Estimates (WASDE). U.S. corn yields were increased 2.5 bpa to 174.2 bpa. Partially offsetting the yield increase was a 700,000 acre decrease in harvested area. The net result was a modest increase in total domestic production from the September report of 80 million bushels. Continue reading at Tennessee Market Highlights.

Soybeans and wheat were up; corn and cotton were mixed for the week. This week saw modest increases in corn and soybean futures prices. These increases came after seven (November soybeans) and six (December corn) consecutive weeks where prices decreased from one Friday to the next. Increases in corn and soybean harvest futures are not likely to hold or perpetuate over the coming weeks however they may indicate that we are approaching a harvest futures low for both commodities. Continue reading at Tennessee Market Highlights.