Tennessee Market Highlights

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Corn, soybeans, and cotton were down; wheat was up for the week. The December WASDE report, released on Wednesday, provided limited modifications from the previous month’s report. Corn supply (beginning stocks + production + imports) was left unchanged from last month at 15.415 billion bushels. Corn used for ethanol was increased 25 million bushels due to the increased volumes put forth in the EPA’s RFS announcement on November 30th. Exports were decreased 50 million bushels due to the sluggish export sales pace year-to-date and an overall lack of price competiveness in global markets. Continue reading at Tennessee Market Highlights.