Corn and cotton were down; soybeans were mixed; and wheat was up for
the week.

U.S. corn and soybean planting is all but complete. As such, focus will turn to
the critical pollination period for corn (June-July) and pod filling stage for
soybeans (July-August). The past two years the futures market has provided short lived rallies that offered opportunities to price corn near $4.50 for the December contract. Weather will be the driving factor in determining if the market can produce a similar
opportunity this summer. Any rallies, in the futures markets, should be viewed as opportunities to price additional production (with the caveat that projected production is sufficient to meet the additional pricing commitment). Do not trade price risk for production risk! Continue reading at Tennessee Market Highlights.