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

The big news this week was the release of the USDA’s August WASDE report. Full details of the report for corn, soybeans, cotton, and wheat can be found online at: Monthly Crop Comments.

Overall the report had a bearish market reaction for all four commodities with 2017/18 contracts down across the board: corn futures were down 12-15 cents; soybeans down 24-33 cents; wheat down 15-19 cents; and cotton down 2.24-3 cents. The primary driver was higher domestic yields than anticipated. National yields (the first for this crop year estimated by survey data) were: 169.5 bu/acre for corn; 49.4 bu/acre for soybeans; 45.6 bu/acre for wheat; and 892 lbs/acre for cotton. Continue reading at Tennessee Market Highlights.