Corn, cotton, and wheat were down; soybeans were up for the week.
This week, on Wednesday, December corn peaked at $4.12 the highest offering, for the December 2018 contract, since August 10, 2017. However, prices declined 8 ¼ cents on Thursday and Friday. Futures prices above $4 per bushel represents a good opportunity to start / increase pricing on the 2018 crop. Securing a price on up to 50% (depending on pricing method) of anticipated production should be considered prior to planting.
This week November soybeans continued to exhibit volatility. For the week daily trading ranges on the November contract were: 12 ½ cents, 8 ¾ cents, 17 ¾ cents, 14 ¾ cents, and 8 ¼ cents. In the near future volatility is likely to continue due to uncertainty about the Argentinian crop, U.S. planted acreage, and export sales / trade negotiations. Continie reading at Tennessee Market Highlights.