Tennessee Market Highlights

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Corn and wheat were mixed; and cotton and soybeans were up for the week. 2016 was an excellent production year for the US: corn production is estimated at 15.2 billion bushels and average yield at 175.3 bu/acre; soybean production is estimated at 4.36 billion bushels and average yield at 52.5 bu/acre; cotton production is estimated at 16.16 million bales and average yield at 803 lbs/acre; and wheat production is estimated at 2.31 billion bushels and average yield at 52.6 bu/acre. The USDA will continue to revise production and yield estimates as additional information becomes available however at this time it is unlikely substantial reductions will occur. Continue reading at Tennessee Market Highlights.