Corn, cotton, soybeans, and wheat were down for the week.

Cash corn prices moved lower this week. In Tennessee, cash corn prices typically
achieve the marketing year low in August or September. In eight of the last
eleven years, the lowest monthly average price occurred in August or September
(four times each). From 2006 to 2016, monthly average corn prices were 48 cents lower than the marketing year average (the corn marketing year is Sept 1 to Aug 31). In Tennessee, the monthly average high typically occurs in July – on average 58 cents per bushel more than the final marketing year average price. From September to January, average monthly prices typically strengthen, relative to the marketing year average (Sept -$0.48, Oct -$0.44, Nov -$0.24, Dec -$0.18, & Jan -$0.13). On farm or commercial storage allows producers to take advantage of “typical” price improvements. Continue reading at Tennessee Market Highlights.