Tennessee Market Highlights

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Corn, soybeans, and wheat were up; cotton was down for the week. March corn futures have moved sideways for the past two weeks. Producers that have corn in storage should consider additional sales at the top end of the current futures range ($3.70-$3.72), particularly in areas where a beneficial basis currently exists. Currently, many locations in Tennessee have a strong positive basis (10 to 35 over the March contract). Cash prices near/above $4.00 are very good selling opportunities that should not be allowed to pass idly by. December 2016 corn futures are up almost 20 cents from the contract low of $3.74 ½ on January 7th. Continue reading at Tennessee Market Highlights.