Corn was up; cotton and soybeans were down; and wheat was mixed for the week. On Friday, the USDA released the Prospective Plantings and Grain Stocks reports. Before the USDA reports were released, harvest futures for corn, cotton, soybeans, and wheat were trading at $3.82/bu, $0.735/lb, $9.58/bu, and $4.35/bu, respectively. For the day, corn closed at $3.88 ¼, cotton at $0.7409, soybeans at $9.54, and wheat $4.39. Overall the reports were bearish for soybeans and neutral-to-bullish for corn, cotton, and wheat. Continue reading at Tennessee Market Highlights.
03 Apr 2017