Recent Updates

27 Nov 2011

Weekly Crop Marketing Comments

27 Nov 2011
Author:  Comments Off on Weekly Crop Marketing Comments

Corn, cotton, soybeans, and wheat prices are all down for the week. The December U.S. Dollar Index closed Friday at 79.83, up 1.60 for the week. The Dow Jones Industrial Average closed down 564 points for the week at 11,232. Crude Oil closed the week at 96.77 a barrel, down 1.05 a barrel. A shortened trading week brought no real surprises as the commodity market seemed to be dominated by concerns on Europe’s financial debt and a strengthening dollar. This overshadowed positive export sales for cotton, soybeans, and wheat. Continue reading →

Print Friendly, PDF & Email

21 Nov 2011

Crop Watch

21 Nov 2011
Author:  Comments Off on Crop Watch

As reported by NASS on November 21, 2011

END OF HARVEST DRAWS NEAR.  The harvest season in Tennessee is almost complete. Given a few more sunny days, farmers will most likely be wrapping up row crop harvest for 2011. Ninety-nine percent of the cotton acreage has been harvested and only four percent of the soybean acreage still remains. Farmers also made notable progress seeding winter wheat last week. Most of the winter wheat has emerged with over seventy percent rated in good-to-excellent condition. Pastures remained in mostly fair-to-good condition. Tobacco growers continued to prepare their crop for market. Continue reading →

Print Friendly, PDF & Email

21 Nov 2011

Soybean Scout School Goes Virtual

21 Nov 2011
Author:  Comments Off on Soybean Scout School Goes Virtual
By Ginger Rowsey, UTIA Marketing & Communication Services

If you want to hone your soybean scouting skills, it’s now as easy as turning on a computer.  The University of Tennessee Institute of Agriculture has partnered with the United Soybean Board and the Tennessee Soybean Promotion Board using soybean checkoff dollars to create a Virtual Soybean Scout School.  Currently the school consists of four brief video presentations, each led by UT Extension specialists, which can be viewed at www.UTCrops.com or http://www.tnsoybeans.org.  The presentations focus on key areas of soybean scouting and include the following topics:

The videos cover much of the material presented at the traditional UT Soybean Scout Schools that are offered at various locations throughout the state during the summer, and plans are to add more content next year. “With this online resource, producers and scouts now have another option when it comes to keeping informed of crop management issues,” says Dr. Scott Stewart, UT Extension entomologist, “and the information is presented in a format that is easy to access on your own schedule.”

Print Friendly, PDF & Email

18 Nov 2011

Weekly Crop Marketing Comments

18 Nov 2011
Author:  Comments Off on Weekly Crop Marketing Comments

Corn, cotton, soybeans, and wheat prices are all down for the week. The December U.S. Dollar Index was trading before the close at 78.17, up 1.04 since last Friday. The Dow Jones Industrial Average before the close was trading down 307 points for the week at 11,847. Crude Oil was trading before the close at 97.23 a barrel, down 1.76 a barrel since last Friday. Concerns over European financial instability and possibly ill effects of the implosion of the brokerage firm MF Global weighed heavy on the commodity market this week. Even large exports of cotton and soybeans to China found a way to have a negative spin put on them. Continue reading →

Print Friendly, PDF & Email

14 Nov 2011

Crop Watch

14 Nov 2011
Author:  Comments Off on Crop Watch

As reported by NASS on November 14, 2011

MILD AUTUMN WEATHER CONTINUES.  Farmers across the state experienced another tranquil weather pattern last week. High pressure dominated the weather at the beginning and ending of the week. The result was seasonable and dry weather conditions. For the second week in a row, farmers made good progress seeding wheat and harvesting soybeans and cotton. All three activities were progressing ahead of the five-year average pace. The first winter wheat condition rating of the season shows the crop in mostly good condition. Other farm activities last week included preparing tobacco for sale, applying lime, and renovating fields. Continue reading →

Print Friendly, PDF & Email

11 Nov 2011

Weekly Crop Marketing Comments

11 Nov 2011
Author:  Comments Off on Weekly Crop Marketing Comments

Corn, soybeans, and wheat prices are down with cotton prices mixed for the week. The December U.S. Dollar Index was trading before the close at 77.09, down 0.07 since last Friday. The Dow Jones Industrial Average before the close was trading up 270 points for the day and 182 points for the week at 12,165. Crude Oil was trading before the close at 99.01 a barrel, up 4.72 a barrel since last Friday. USDA released their monthly supply and demand reports on November 9. Continue reading →

Print Friendly, PDF & Email

09 Nov 2011

Comments on the November 9 USDA Supply & Demand Report

09 Nov 2011
Author:  Comments Off on Comments on the November 9 USDA Supply & Demand Report

Corn:  In today’s report, USDA updated corn production by lowering the nationwide yield from 148.1 bushels per acre to 146.7 bushels per acre, the lowest since 2003. The average trade guess was 147.9 bushels. Overall production was reduced 123 million bushels from the October estimate to 12.310 billion bushels. This still is the 4th largest production on record. Continue reading →

Print Friendly, PDF & Email