Corn, soybeans, and wheat were up; cotton was down for the week. December corn rebounded this week, closing up 10 cents, after setting a new contract low last Friday at $3.22 ½. Strong export sales, buoyed by a 2-month low in the USD index, contributed to the price rebound. Prices have appreciated in spite of the bearish WASDE report last week which included record yield (175.1 bu/acre) and production (15.153 billion bushels). Harvest futures will likely trade in the short-term between $3.30 and $3.50. Continue reading at Tennessee Market Highlights.
19 Aug 2016