Corn and wheat was up; soybeans were down; and cotton was mixed for the week. The USDA is currently projecting 2017 corn production at 14.065 billion bushels. To arrive at this number the USDA is currently estimating 90 million acres planted (82.4 million acres harvested) and a trend line yield of 170.7 bu/acre. With planting approaching 80% complete, projected yield will soon be the primary focus for traders, as small changes in yield could have big consequences in production and price. For example, if trend yield is 5 bu/acre less than the current USDA projection (165.7 bu/acre), then production would be decreased 411 million bushels to 13.654 billion bushels. If use remained at the current USDA projection of 14.3 billion, then ending stocks would be 1.698 billion bushels compared to the current projection of 2.11 billion bushels. Continue reading at Tennessee Market Highlights.