Corn, cotton, and soybeans were up; wheat was down for the week. Soy-beans set new four week highs in both the nearby and harvest future con-tracts. November soybeans closed at $9.09 above last week’s four week high of $9.07. Since March 1st, harvest corn and soybean futures contracts are up 9 ½ ($3.76 to $3.85 ½) and 36 ¼ ($8.73 ½ to $9.09 ¾) cents or 2.5% and 4.1%, respectively. Producers that have not started pricing 2016 production may want to consider pricing some production on this rally. There are still major concerns with global stocks, production, and exchange rates (with other exporting nations) for both grains and oilseeds so rallies should still be considered as opportunities to sell. Continue reading at Tennessee Market Highlights.
18 Mar 2016