Corn, cotton, soybeans, and wheat were down for the week. The markets played the role of the Grinch this week as all four commodities were down substantially since last Friday. Continued advantageous weather in South America and a new high in the USD Index were the primary contributors to declining prices. Many analysts are predicting a bin busting harvest for Brazil and Argentina. For the South American soybean crop, January, February, and March weather will be very important as these are the critical filling and harvesting months. Additionally, if a record crop is produced concerns may arise due to inadequate infrastructure and logistics to get the crop from the principle growing regions to port. Continue reading at Tennnessee Market Highlights.
23
Dec
2016
Tennessee Market Highlights
23
Dec
2016