Corn, soybeans, and wheat were down; cotton was up for the week.
July is rapidly coming to a close. As such, now is a good time to evaluate your
current pricing levels and examine harvest and post-harvest marketing alternatives.
With harvest in some areas of the state only a few weeks away it is prudent to evaluate if any “early” harvest price premiums can be obtained. Corn producers in Tennessee may be able to receive a premium now before the US market is flooded, as corn harvest moves into the Corn Belt. Additionally, opportunities are available in the futures market as there is still a great deal of production uncertainty, in Northern Corn Belt states, priced into the market. By now the range of yield outcomes for Tennessee corn fields has narrowed substantially, so securing a price on the last half-to-third of unpriced production can be accomplished without incurring substantial production risk. Continue reading at Tennessee Market Highlights.