Tennessee Market Highlights

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Corn and cotton were down; soybeans and wheat were mixed for the week. Early this week the USDA released the September WASDE and Crop Production reports (a detailed review of the reports can be found here: http://economics.ag.utk.edu/outlook.html). US corn yield and production were estimated at 174.4 bu/acre (down 0.7 bu/acre) and 15.092 billion bushels, respectively. In Tennessee, corn yields were estimated at 150 bu/acre down 5 bu/acre from last month and 10 bu/acre from 2015. Domestic and foreign corn ending stocks for the 2016/17 marketing year were estimated at 2.384 and 6.256 billion bushels, down 25 and 28 million bushels, respectively. Overall the reports for corn were neutral. Continue reading at Tennessee Market Highlights.

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