Wheat prices are up with corn, cotton and soybean prices down for the week. The U.S. Dollar Index traded at 81.09 before the close, up 0.41 for the week. The Dow Jones Industrial Average before the close was 12,793 down 300 points for the week. Crude Oil was trading at 86.08 a barrel, up 1.22 a barrel for the week. USDA released a bearish monthly supply and demand report today. A stronger Dollar and weak stock market also played into the overall negative effect on commodities. Continue reading
This table should be used as a guide as yields, prices, and expenses will vary among producers and locations. This table is a look at the start of the 2013 planning process as wheat has been planted. Yields are average yields for Tennessee with prices adjusted for the 2013 production year. Continue reading
Corn
In today’s report, a few adjustments were made to the old crop numbers more or less squaring them up as ending stocks were left at 988 million bushels. For the current marketing year of 2012/13, planted and harvested acreage were unchanged as adjustments there will be made in the January 11, 2013 report. There is some speculation that harvested acreage will be reduced to reflect corn that went to silage. Continue reading
Quite a few calls continue to come in on an a sundry of weed control issues in wheat. Continue reading
As reported by NASS on November 5, 2012
GREAT WEATHER FOR FARM ACTIVITIES
Farmers made a great deal of progress harvesting cotton and soybeans last week as they took advantage of the excellent weather. Growers also accomplished a considerable amount of wheat seeding, with about three-quarters of the acreage seeded at week’s end. Continue reading
Corn and wheat prices are up; cotton and soybean prices are down the week. The U.S. Dollar Index traded at 80.68 before the close, up 0.52 for the week. The Dow Jones Industrial Average before the close was 13,123 up 16 points for the shortened trading week. Crude Oil was trading at 84.80 a barrel, down 1.48 a barrel for the week. Continue reading
After a rough start in a year which had a severe impact on our corn crop, the soybean crop is actually looking pretty impressive. More folks are reporting above normal yields and very decent wheat bean yields. I have several soybean trials at the Milan REC which was a dust bowl in late June but started getting good rains from July onward– and we are pulling 60 and 70 bushel yields in non-irrigated fields. This is very good news for producers who are following a grim corn harvest. Statewide the soybean crop is close to 70% harvested and it looks like we will have favorable weather to finish on-time this fall.
The annual UT Cotton Focus meeting will be held at the West Tennessee Research and Education Center in Jackson on the morning of Thursday, February 14. We expect a full schedule of speakers covering important topics related to cotton production. Please mark your calendars!