Corn, soybeans, cotton, and wheat were up for the week. Corn and soybean markets continue to closely follow the trade situation with China and weather across key production regions. This week easing of trade tensions with China caused an immediate 20 cent increase in soybean futures on Monday with additional price increases for the rest of the week. Corn futures also had a similar rally. The trade news this week was very positive for agriculture (China indicated it would by “large amounts” of US agricultural and energy products to help narrow its trade deficit with the US), however negotiations remain  very fluid and could result in continued market volatility (up or down) as negotiations  continue to evolve. Drought concerns are at the forefront of wheat and cotton futures markets. Dry conditions in the Southern Plains have helped push wheat and cotton futures to new six month highs. Additionally, dry conditions in the Dakotas and Minnesota could  continue to support wheat futures. July wheat futures are up 68 ½ cents since April 23 closing on Friday at $5.43. December cotton has accelerated its upward move gaining over 5 cents since May 16. Continue reading at Tennessee Market Highlights.