Tennessee Market Highlights

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Corn, cotton, and soybeans were down; wheat was up for the week. In October, November soybean futures increased 48 cents from $9.54 to $10.02 and December corn futures increased 18 cents from $3.36 to $3.54. December cotton futures increased 0.78 cents/lb in October from 68.08 to 68.86 cents/ lb. Prices have established a new trading range with support at 66 cents and resistance at 72 cents. As harvest is completed, it will be interesting to see if cotton futures can push into and maintain the 70+ cent price level. Continue reading at Tennessee Market Highlights.

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