Corn, soybeans, and wheat were down; cotton was up for the week.
At this week’s USDA Agricultural Outlook Forum acreage estimates for 2017 were: 88 million acres of soybeans – up 4.6 million from last year; 90 million acres of corn – down 4.0 million from last year; and wheat 46 million acres- down 4.2 million from last year.
For corn, 2017 estimates were: yield of 170.7 bu/acre (down 3.9 bu/acre from 2016); production at 14.065 billion bushels (down 1.083 billion bushels from 2016); and ending stocks at 2.215 billion bushels (down 105 million bushels 2016). Continue reading at Tennessee Market Highlights.