Tennessee Market Highlights

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Corn and soybeans were up; cotton was down; and wheat was mixed for the week. Soybean and corn futures prices had a great Thanksgiving week. January soybean futures increased over 50 cents and March corn appreciated almost 10 cents. In Tennessee, basis did soften for both commodities but net prices to producers were up for the week. The primary catalyst for the rising prices was again strong export sales. Export sales continue to remain strong in spite of the appreciating USD. The focus for the markets will continue to be export demand and South American (Brazil and Argentina) growing conditions and crop progress.  Continue reading at Tennessee Market Highlights.