Tennessee Market Highlights

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Corn and soybeans were up; cotton and wheat were mixed for the week. Soybeans continue to lead the current market rally with the November contract up 93 cents since March 1st. On April 14th, November soybeans were 11 cents higher than a year ago while corn (13 ½), cotton (5.25), and wheat (29 ¾) were all lower. It is likely that soybean acres will increase from the USDA’s March estimate. Fueling the current rally for soybeans has been extremely wet conditions in Argentina, a depreciating US dollar, strong demand, and aggressive fund buying. Continue reading at Tennessee Market Highlights.

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