Tennessee Market Highlights

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Cotton was up; corn was down; and Soybeans and wheat were mixed for the week. This week, December 2015 corn futures established new lows for 2015. The December 2015 corn contract low was $3.64/bu set back on Oct 1, 2014. Despite strong export sales this week, USDA estimated corn exports still lag behind the needed pace to meet their marketing year estimates. Reduced export sales could push 2014-15 marketing year ending stocks close to 2 billion bushels (currently estimated at 1.8 billion) and continue to provide downward price pressure. Corn planting progress is a story of two regions. Continue reading at Tennessee Market Highlights.

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