Corn, cotton, soybeans, and wheat were up for the week.

This week all four commodities were up; largely due to a positive reaction to
Friday’s USDA Acreage and Quarterly Grain Stocks reports. For Friday, 2017
corn futures contracts were up 10 ¾ to 12 cents; 2017 soybean futures were
up 26 ¼ to 30 cents; cotton futures were up 1.31 to 1.35 cents; and wheat futures were up 29 ½ to 30 ¾ cents.

The USDA estimated 2017 corn planted acreage at 90 million acres (down 4% from last year); soybeans at a record 89.5 million acres (up 7% from last year); cotton at 12.2 million acres (up 21% from last year); and all wheat planted area at 46.1 million acres (the lowest US recorded planted acreage; winter wheat was down 9% from last year and spring wheat down 3%). Continue reading at Tennessee Market Highlights.