Corn, soybeans, and wheat were down; cotton was up for the week. This week provided confirmation that weather is firmly in the drive seat for row crop prices. Drought in the southern plains has pushed cotton prices to new highs. Severe drought in the southern plains and moderate drought in parts of North Dakota have helped hold wheat prices in a three week range between $5.02 and $5.54. Above average growing conditions throughout the Corn Belt and Mid-south contributed to week-overweek declines in corn and soybean harvest futures of 13 and 48 cents. Continue reading at Tennessee Market Highlights.
08 Jun 2018