Corn, soybeans, and cotton were up; wheat was down for the week.
Since March 1st, September cash corn prices, in Tennessee, have traded between
$3.37 and $4.12, a range of 75 cents (for reported elevator and barge
point locations). Lower middle Tennessee has had the highest September
cash price offerings ($3.70 to $4.12) while Northwest Tennessee has had the lowest ($3.37 to $4.00). Currently, harvest cash prices are trading in the middle-to upper portion of this 5-month range ($3.72 to $4.01). Given the above average growing conditions
(91% of the corn crop in Tennessee is rated good-to-excellent) producers should consider pricing some additional production. Anticipated above average yields and prices (buoyed be drought concerns in the Northern plains) provide producers an excellent opportunity
to market additional crop at profitable levels. Continue reading at Tennessee Market Highlights.