Tennessee Market Highlights

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Corn, cotton, and soybeans, were up; wheat was mixed for the week. This week commodities continued there bullish move with soybeans leading the way. However, one change this week was the harvest contracts outperforming the nearby futures contracts. For example, July 2016 soybeans were up 46 cents, 31 cents less than the November contract which increased 77 cents. This phenomenon also occurred for corn (5 compared to 11 cents) and cotton (0.83 compared to 1.16 cents), as well as the nearby deferred spread with wheat (-2 cents compared to 1 cent). Continue reading at Tennessee Market Highlights.