We have had the opportunity to visit with many retailers over the past several weeks on supply chain. What is clear is that most herbicides, with some notable exceptions, are being allocated due to supply concerns. Continue reading
Corn, soybeans, and wheat were up; and cotton was down for the week.
Corn and soybean harvest futures set new contract highs this week at $5.99 ½ and $14.72. The upward trek in corn and soybean markets have been remarkable. A positive addition to increased prices is creating a very solid risk management base through elevated projected crop insurance prices (prices will be finalized February 28). There remains a lot of bullish momentum in soybean and corn markets, but there are also substantial risks. Continue reading at Tennessee Market Highlights.
UT is implementing a new method of sending information to agricultural professionals. Remind is texted based communication system that facilitates information delivery via text or push notification. Messages are limited in length and recipients can directly message senders with questions. Enrolling is free and easy and takes less than a minute. Follow the instructions below to enroll in a crop specific class (cotton, corn, soybean, wheat or tobacco).
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Corn, soybeans, and wheat were up; and cotton was mixed for the week.
Limited changes were made to the domestic supply and demand balance sheets with soybean crush up 25 million bushels, cotton exports down 250,000 bales, and wheat total use down 20 million bushels. However, major revisions were again made to South American production. Brazil’s corn and soybean production were projected 39 and 184 million bushels lower, compared to last month. Argentina and Paraguay soybean production was projected 55 and 81 million bushels lower. The drought in South America has clearly adversely affected production, but the full impact is unlikely to be realized for several months. US prices and exports will continue to be supported by lower South American production. Continue reading at Tennessee Market Highlights.
The 2022 University of Tennessee Cotton Focus is coming up on February 10th from 8AM to 1PM in Jackson, TN at the West Tennessee Research and Education Center (605 Airways Blvd Jackson, TN 38301). Lunch will be provided and CCA, Commercial Applicator and Master Row Crop Points will be available. S&J’s Roadside will be catering lunch.
This is an event you will not want to miss! We have several excellent guest speakers that will provide very valuable insight into several important decisions that we will have to make during 2022. We look forward to seeing you there.
Cotton and soybeans were up; wheat was down; and corn was mixed for the week.
We have entered arguably the most important time of the year, for risk management, for spring planted row crops in Tennessee – the projected price determination period for corn, cotton, and soybeans. The prices established will be the starting point for many producers’ risk management plans for the 2022 crop year. As of February 4, the projected prices were, corn $5.73, soybeans $13.88, and cotton $1.03 (wheat projected price was set September 15 at $7.14). The next three weeks will determine the final projected prices, but current prices are very positive for crop producers. Continue reading at Tennessee Market Highlights.
The West TN Grain Conference will be held on Thursday, Feb 3rd with a revised program that will allow attendees to return home earlier in the day. Attendees are advised to use their best judgement when traveling, as some areas may have more or less freezing rain and accumulation. Parking at the fairgrounds is likely to be muddy due to recent rains.
Registration will begin at 7:45 am with presentations starting at 9 am. The conference will wrap up at noon followed by a rib and chicken meal that can be eaten on-site in the Armory building or taken to-go. Travel safely, and we hope to see you in Dyersburg!!
The 2022 University of Tennessee Cotton Focus is coming up on February 10th from 8AM to 1PM in Jackson, TN at the West Tennessee Research and Education Center (605 Airways Blvd Jackson, TN 38301). Lunch will be provided and CCA, Commercial Applicator and Master Row Crop Points will be available.
I will be posting the final agenda next week, but I can promise you will not want to miss this year’s content! We have several speakers that will be addressing extremely impactful information that will help tackling the challenges of 2022. Hope to see you there!