Recent Updates

Weekly Crop Marketing Comments

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Corn, cotton, soybeans, and wheat prices are up for the week. The U.S. Dollar Index before the close was at 80.16, down 0.08 for the week. The Dow Jones Industrial Average traded before the close at 13,005 down 5 points for the week. Crude Oil traded before the close at 88.89 a barrel, up 0.61 a barrel for the week. Weather continues to be a focal point for the markets both in the U.S. and South America. Continue reading


Weekly Crop Marketing Comments

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Corn, soybeans, and wheat prices are up with cotton prices down for the shortened Thanksgiving trading week. The U.S. Dollar Index closed at 80.24, down 1.07 for the week. The Dow Jones Industrial Average closed at 13,010 up 422 points for the week. Crude Oil closed at 88.28 a barrel, up 1.30 a barrel for the week. Commodity prices with the exception of cotton responded well to strong export sales and a weaker dollar at the end of the week. Trading volume was thin due to the Thanksgiving Holiday. Continue reading


Crop Progress

As reported by NASS on November 19, 2012

END OF CROP SEASON DRAWS NEAR

 The 2012 crop season in Tennessee is almost complete. Given just a few more sunny days, farmers will wrap-up row crop harvest and fall seeding. Ninety-eight percent of the cotton acreage has been harvested and only three percent of the soybean acreage still remains. Farmers also made notable progress seeding winter wheat last week. More than two-thirds of the winter wheat has emerged with over 80 percent rated in good-to-excellent condition. Continue reading


Weekly Crop Marketing Comments

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Cotton prices are up with corn, soybeans, and wheat prices down for the week. The U.S. Dollar Index traded at 81.23 before the close, up 0.13 for the week. The Dow Jones Industrial Average before the close was 12,589 down 226 points for the week. Crude Oil was trading at 87.06 a barrel, up 0.51 a barrel for the week. Better weather in South America has put pressure on prices as the market deals with the bearish November 9 USDA report. Continue reading


Crop Progress

As reported by NASS on November 13, 2012

HARVEST WINDING DOWN… SHOULD BE COMPLETED BY THANKSGIVING

 Soybean and cotton harvest are coming to an end and should be finishing up within the next couple weeks. Wheat planting is approaching completion, with less than 15 percent of the crop left to be seeded. Over 80 percent of the wheat was rated in good-to-excellent condition, as over half has emerged. Some farmers have started feeding hay. They also saw a brief break in the recent cold temperatures as the weekend brought warmer days. Continue reading