Tennessee Market Highlights

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Corn and soybeans were mixed; cotton and wheat were down for the week. Today the USDA released the September Grain Stocks report. The report indicated corn stocks of 1.74 billion bushels, soybean stocks of 197 million bushels and wheat stocks of 2.53 billion bushels. Compared to September 2015 corn stocks were up less than 1%, soybean stocks were up 3%, and wheat stocks were up 21%. Corn and soybean stocks were viewed as slightly bullish (more aptly described as less bearish than anticipated) while wheat stocks were larger than markets anticipated. Overall, the actual report numbers fell within the range of trade expectations. Continue reading at Tennessee Market Highlights.

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