Corn and soybeans were up; wheat was down; and cotton was mixed for the
On Thursday, the USDA released the October World Agriculture Supply and
Demand Estimates (WASDE) report. Analysis of the report and market reaction
for corn, soybeans, cotton, and wheat is available at Tennessee Monthly Crop Comments.
The USDA also released the Crop Production report on Thursday. Nationally, average yields for corn, soybeans, and upland cotton were estimated to be 171.8 bu/acre, 49.5 bu/acre, and 877 lbs/acre, respectively. Corn was up 1.9 bu/acre, soybeans were down 0.4 bu/acre, and upland cotton was down 19 lbs/acre from last month’s USDA estimates. The decrease in soybean yield was the biggest surprise and soybean futures reacted accordingly closing up 25-30 cents for the day. Continue reading at Tennessee Market Highlights.