Tennessee Market Highlights

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Corn, cotton, soybeans, and wheat were up for the week. New crop corn futures continue to elude the psychological barrier of $4.00/ bu. However, the trend in December 2017 corn futures has been up since the contract low of $3.58 ½ on August 31, 2016. It is likely that 2017 harvest futures will get above $4.00 in the next couple of months so holding off on pricing new crop may be warranted. Given large domestic and global supplies it remains unlikely that a dramatic price appreciation is likely, so be vigilant in pricing some production if harvest futures are between $4.00 and $4.25. Continue reading at Tennessee Market Highlights.