Tennessee Market Highlights

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

This week the USDA released the November WASDE and Crop Production re-ports. Details of the WASDE report for corn, soybeans, cotton, and wheat are available at: Supply & Demand Estimates and Profitability Outlook.

The Crop Production report estimated 2018 National (Tennessee) corn, soybean, and cotton yields at: 178.9 bu/acre; down 1.8 bu/acre (173 bu/acre; down 1 bu/acre), 52.1 bu/acre; down 1 bu/acre (48 bu/acre down 2 bu/acre), and 836 lb/acre; down 51 lb/acre (1,048 lb/acre; up 14 lb/acre).

For the week, markets moved mostly sideways to down. The yield revisions for corn, soybeans, and cotton, were viewed as positive for prices, however the markets were anticipating yield decreases so the price response was muted. Continue reading at Tennessee Market Highlights.

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