Corn, cotton, and soybeans were down; wheat was mixed for the week. For one day, weather and trade took a temporarily back seat for corn, soy-bean, cotton, and wheat markets as today’s focus was the release of two USDA reports – the Acreage and Grain Stocks. Markets reacted quickly with cotton, wheat, and corn up for the day and soybeans down. Highlights of the reports included: Corn acres planted in 2018 were estimated at 89.128 million acres, down 1.039 million from 2017 and up 1.102 million acres from the March 2018 Prospective Planting report. The increase from the Prospective Planting report was expected as strong corn prices and good weather during the planting season brought in additional corn acres. Continue reading at Tennessee Market Highlights.
29 Jun 2018