Corn and cotton were down; soybeans were mixed; and wheat was up for the week. For the second consecutive week, March corn set a new contract low, this time at $3.48 ½. Abysmal export sales year-to-date point toward a significant reduction in 2015/16 marketing year exports on January’s WASDE report, along with a corresponding increase in carryover stocks into the 2016/17 marketing year. The key obstacles to a significant rally in corn prices – a high USD and a surplus supply of coarse grains domestically and globally – remain a major problem that could easily get worse in 2016 before it gets better. March soybeans have traded in a 79 cent range ($8.47 to $9.26) since mid-August. Continue reading at Tennessee Market Highlights .