Tennessee Market Highlights

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Corn and cotton were up; soybeans and wheat were down for the week. This week corn futures prices strengthened relative to soybeans. Currently, the nearby soybean to corn futures price ratio is 2.47; compared to a harvest price ratio of 2.33. The harvest price ratio has the potential to further decrease if, on March 31st, the USDA planted acreage estimates contain more than expected planted acres of soybeans and less than expected planted acres of corn. Of course the potential exists for the USDA to provide a surprise on Tuesday. Continue reading at Tennessee Market Highlights.