Tennessee Market Highlights

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Corn, cotton, and wheat were up; soybeans were down for the week. This week we entered the critical price discovery period for crop insurance for corn, soybeans, and cotton in Tennessee. The projected (spring) price will be determined from February 1 to 28 using the harvest futures contract for each commodity. As of Friday, February 3, the 2017 projected price was $3.94/bu for corn, $10.13/bu for soybeans and $0.73/lb for cotton. Prices could change substantially from now until the end of February, however, currently, all three commodities would have higher projected prices than last year. For 2016, corn had a projected price of $3.86/bu (harvest price $3.49/bu); soybeans had a projected price of $8.85/bu (harvest price $9.75/bu); and cotton had a projected price of $0.60/lb (harvest price $0.69/lb). Continue reading at Tennessee Market Highlights.

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