Corn, cotton, soybeans, and wheat were down for the week.
On Friday, the USDA released the March WASDE report. The report was not expected to make any major revisions to domestic balance sheets for corn, cotton, soybeans, and wheat. The report met this expectation by making small modifications to corn exports and ethanol use (down 75 and 25 million bushels), soybean crush (up 10 million bushels), cotton (decreased season average farm price by 2 cents per lb), and wheat decreases for food use and exports (5 and 35 million bushels). Details of the report for corn, cotton, soybeans, and wheat are available online at Tennessee Monthly Comments and Profitability Update. Continue reading weekly comments at Tennessee Market Highlights.