Recent Updates

Crop Progress

As reported by NASS on May 7, 2012

 

SCATTERED SHOWERS PROVIDE LITTLE RELIEF

Unusually high temperatures and sunny days combined to minimize the benefits of scattered showers that fell in many areas across the state. Reporters in all regions reiterated the need for a general soaking rain. Row crops were holding on with three-fourths of the corn and winter wheat acres rated in good-to-excellent condition. Crop development continues to advance well ahead of the normal pace. Pastures declined some from the previous week, but cattle were reported to be mostly good condition. Other farm activities this week included post-emergence herbicide and fertilizer applications, cutting hay, scouting for insects and diseases, harvesting strawberries, and continued assessment of freeze damage on fruit crops. Continue reading


Weekly Crop Marketing Comments

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Soybean prices are mixed while corn, cotton, and wheat prices are down for the week. The June U.S. Dollar Index is trading midday at 79.58, up 0.82 for the week. The Dow Jones Industrial Average at midday was down 182 points for the week at 13,046. Crude Oil traded before the close at 98.29 a barrel, down 6.49 a barrel for the week. The April jobs report released today showed 115,000 jobs were created, well short of the expectation of 165,000. The unemployment rate fell to 8.1% from 8.2%, but only due to fewer people trying to find a job. Continue reading


UT Cotton Scout School, Friday, May 25th

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UT Cotton Scout School on Friday, May 25th at the West Tennessee Research and Education Center in Jackson.  Registration will begin at 8:00 AM (no fee or preregistration required).  The program will end with a box lunch and a go-to-the-field session for those interested after lunch.


Crop Progress

As reported by NASS on April 30, 2012

A GOOD GENERAL SOAKING RAIN NEEDED!

Rainfall totals throughout most of the state last week were below normal, which led to short-to-very short soil moisture supplies in almost forty percent of the farmland. All crops and pastures, however, remain rated in mostly good-to-excellent condition with development advancing well ahead of the normal pace. Continue reading


Weekly Crop Marketing Comments

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Corn, soybean and wheat prices are up while cotton prices are mixed for the week. The June U.S. Dollar Index is trading midday at 78.73, down .58 for the week. The Dow Jones Industrial Average at midday was up 229 points for the week at 13,259. Crude Oil traded before the close at 104.79 a barrel, up 0.91 a barrel for the week. A good start to the planting season is being balanced against a shrinking South American soybean crop and the appearance of strong corn and soybean export sales. Continue reading