Corn, soybeans, and wheat were up; cotton was down for the week. This week corn and wheat futures provided a glimmer of hope that prices could start to rally. A major move remains unlikely due to large domestic and global supplies but a move above the current trading ranges would be welcomed by producers looking to sell the remainder of their 2017 production. Since November 10, 2017, corn harvest futures have traded between $3.79 ¼ and $3.91, a narrow trading range of 11 ¾ cents. Over the same time period, harvest soybean futures have traded between $9.67 ½ and $10.24, a trading range of 56 ½ cents. Greater volatility in soybean prices relative to corn exists due to more uncertainty in the market. Continue reading at Tennessee Market Highlights.
26 Jan 2018