Tennessee Market Highlights

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Corn, soybeans, cotton, and wheat were down from December 19th. Since reaching a 5-month contract high on December 29th of $4.17/bu, March corn has dropped 22 cents closing on Friday at $3.95/bu. March soybeans achieved a 1-month high on December 29th of $10.68, before dropping 61 cents in three trading days to close this Friday at $10.07/bu. Continued vola-tility in grain and oilseed future markets are likely to persist as we move further in to 2015. Currently, a good argument can be made for further price declines or a rally in early 2015. Those bullish in grain and oilseed markets will point to the demand side where exports, domestic soybean demand, and corn ethanol use have exceeded USDA expectations to date. Continue reading at Tennessee Market Highlights.

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