Tennessee Market Highlights

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Corn, soybeans, and cotton were down; wheat was mixed for the week. December corn established a new contract low on Friday at $3.33 ¼. Corn futures are now at the lowest point since October 2014 when prices bottomed out at $3.18 ¼. Adequate moisture, limited excessive temperatures-to-date, and improved July-August forecasts have been the primary driver for harvest futures declining from a high of $4.49 on June 17 to the new low this week (a net decrease of $1.16 per bushel or a 26% loss in value). Harvest soybean price declines have been just as dramatic as corn, with a decrease of $2.20 per bushel or 18.5% ($11.86 on June 13 to a low of $9.66 on July 22). Continue reading at Tennessee Market Highlights.