Corn
In today’s report, old crop corn ending stocks were raised 160 million bushels from last month to 1.181 billion bushels as feed/residual use was slashed 150 million bushels and exports reduced 10 million bushels. The average trade guess for ending stocks was 1.014 billion bushels. Continue reading
Due to the drought and reduced yields in crops, it is expected that crop insurance claims will be up this year. This will be dependent not only on crop yields, but coverage levels and types of policies that producers have purchased. Never the less, overall yields will be down but it is yet to be determined just how much will be paid out in indemnity payments. Continue reading
As reported by NASS on September 10, 2012
TOPSOIL MOISTURE SUPPLIES GREATLY IMPROVED
Plentiful rain fell across the state last week benefitting crops and boosting soil moisture supplies. The condition of cotton, soybeans, and tobacco crops improved and were rated in mostly good condition. Corn harvest continued at a rapid pace two weeks ahead of normal. Continue reading
Wheat prices are up; corn about even with cotton and soybean prices down for the week. The September U.S. Dollar Index before the close was 80.24 down 0.98 for the week. The Dow Jones Industrial Average before the close was 13,286 up 195 points since last Friday. Crude Oil before the close was 96.34 a barrel, down 0.23 a barrel for the week. A weak jobs report has led to some speculation that the Fed may come in with another round of some form of a stimulus program to bolster the economy. The unemployment rate was reduced from 8.3% to 8.1% as the labor force participation rate fell to 63.5%, the lowest in over 30 years. Continue reading
These recent heavy rains have initiated a new flush of Palmer amaranth in many fields. Continue reading
Stem canker is now causing severe damage and death in some susceptible soybean varieties at the Milan REC and at two field research locations near Dyersburg, TN. This is the most stem canker we have noted in several years. Continue reading
This is essentially a repeat of last week’s article because the situation has not changed, but my phone is ringing more. We are dealing with stink bugs, loopers, green cloverworms or a combination of all three in some fields. After a week of evaluating many test plots, my conclusions Continue reading
As reported by NASS on September 4, 2012
HURRICANE REMNANTS BOOST SOIL MOISTURE SUPPLIES
The remnants of Hurricane Isaac dropped significant rainfall in many areas last week which boosted soil moisture supplies. The effects of this rainfall are likely to improve soil moisture ratings as well as cotton, soybean and pasture conditions in these areas. At week’s end it was too early to fully measure the impact. Crops remained in mostly fair-to-good condition. Continue reading