Tennessee Market Highlights

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Corn was down; cotton was up; and soybeans and wheat were mixed for the week. Volatility in soybean futures continued this past week as traders adjusted to weather forecasts and USDA supply and demand reports. From Monday to Friday, November soybeans traded down 17, up 29 ½, up 10 ½, down 43 ¾, and down 5. Volatility can provide producers with greater pricing opportunities but it also makes the pricing decision more difficult due to reduced certainty in market direction or fear of pricing too low. As such, it is very important to know how much production you are comfortable pricing at specific price points and executing sales at those price points. Continue reading at Tennessee Market Highlights.

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