Corn, cotton, soybeans, and wheat were down for the week. Price declines for corn, soybeans, and wheat moderated this week as markets search for new information. With the USDA March reports out of the way, focus will now shift to planting progress and weather forecasts.
Since early October, December corn has traded mostly between $3.75 and $4.00 with only occasional moves outside of this range.
November soybeans have decreased over 70 cents since the beginning of March. Fortunately, the projected price for crop insurance was set at $10.19 providing some revenue support at a higher level than current market offerings. Continue reading at Tennessee Market Highlights.