Tennessee Market Highlights

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Corn, cotton, and wheat were down and soybeans were up for the week. On Tuesday, the USDA released the February WASDE report. There were no major surprises on the report. However, the report did confirm growing domestic and record global grain and oilseed stocks. Domestic ending stocks and stocks-to-use ratio (in brackets), for the 2015/16 marketing year, are now estimated at 1.837 (13.56%), 0.450 (12.6%), and 0.966 (49.35%) billion bushels for corn, soybeans, and wheat, respectively. Continue reading at Tennessee Market Highlights.