Corn, soybeans, and wheat were up; cotton was down for the week. The size of the U.S. corn and soybean crop, large domestic stocks carried over from 2017, continued trade  disruptions, and faster crop maturity than normal will diminish (eliminate) early harvest price premiums and depress harvest basis below typical levels.

Will producers in Tennessee have lower gross revenue this year, compared to 2017?

From August 1 to October 31, 2017, the average cash prices for corn and soybeans across the state were $3.35/bu and $9.43/bu. So far, in August 2018, cash prices have averaged $3.63/bu and $8.59/bu. Cash wheat prices from June 1 to July 31, were $4.83 (2017) and $5.08 (2018). Cash cotton prices, from October 1 to November 30, 2017 averaged 69.39 cents/lb, currently, cotton pric-es are 81.51 cents/lb. So far, year-over-year average corn, cotton, and wheat prices are up, soybean prices are down. Continue reading at Tennessee Market Highlights.