Tennessee Market Highlights

Author: Chuck Danehower, Extension Area Specialist - Farm Management No Comments

Corn, cotton, soybeans, and wheat were down for the week.

Prior to Friday, wheat futures were up for the week, corn and soybeans were trading flat, and cotton was down around 1 cent. On Friday, the USDA released the Crop Production and WASDE reports and the news was overwhelmingly bearish. As a result,  soybeans were down 43 cents, corn was down 11 cents, wheat was down 18 cents, and  cotton was down 2.0 cents.

Nationally, corn yield was estimated at 178.4 bu/acre, up 1.8 bu/acre from 2017 and an all-time record; soybean yield was projected at 51.6 bu/acre, up 2.5 bu/acre from last year and near the all-time record of 52 bu/acre in 2016; winter wheat yield was estimated at 47.9 bu/acre, down 2.3 bu/acre from last year and down 0.1 bu/acre from last month; and upland cotton yield was projected at 895 lbs/acre, the same as last year (all cotton yield was estimated at 911 lbs/acre, up 6 lbs/acre from 2017). Continue reading at Tennessee Market Highlights.

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