Corn, cotton, and soybeans were up; and wheat was mixed for the week.
On Thursday, positive comments from President Trump regarding trade negotiations with China sparked a 30 cent rally in soybean futures, ending a three week slide in soybean futures that saw January futures prices decline from $9.00 to below $8.50. While the market reacted positively, there is still a long way to go before a long term resolution with the Chinese is likely. Moving forward volatility is likely to remain in soybean markets as positive/negative trade news is released. Continue reading at Tennessee Market Highlights.