Tennessee Market Highlights

Author: Chuck Danehower, Extension Area Specialist - Farm Management Comments Off on Tennessee Market Highlights

Corn and cotton were down; soybeans and wheat were up for the week.

December corn futures prices have moved sideways since the contract low on August 31 of $3.44 ¼, closing at $3.50 ¼ on Thursday. Mixed yield reports across the Corn Belt continue to provide some production uncertainty. Fur-ther complicating the supply picture are USDA’s projections of 2.335 billion bushels of domestic stocks versus an almost 1 billion bushel projected decrease (8.935 billion bushels to 7.971 billion bushels, an 11% year-over-year reduction) in global corn stocks from the 2016/17 marketing year end to the 2017/18 marketing year end. Corn prices are likely to establish (if the low hasn’t al-ready been set) a bottom this month. Continue reading at Tennessee Market Highlights.

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