Corn, soybeans, and wheat were up; cotton was down for the week. This week corn and wheat futures provided a glimmer of hope that prices could start to rally. A major move remains unlikely due to large domestic and global supplies but a move above the current trading ranges would be welcomed by producers looking to sell the remainder of their 2017 production. Since November 10, 2017, corn harvest futures have traded between $3.79 ¼ and $3.91, a narrow trading range of 11 ¾ cents. Over the same time period, harvest soybean futures have traded between $9.67 ½ and $10.24, a trading range of 56 ½ cents. Greater volatility in soybean prices relative to corn exists due to more uncertainty in the market. Continue reading at Tennessee Market Highlights.
26
Jan
2018
Tennessee Market Highlights
26
Jan
2018