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

In January, December 2019 corn futures prices moved sideways opening the month at $3.97 ½ and closing at $4.00, up 2 ½ cents for the month. The January trading range was $3.96 ½ to $4.06. November 2019 soybean futures prices increased, opening the month at $9.36 and closing at $9.55 ½, up 19 ½ cents for the month. The January trading range was $9.35 to $9.65. December 2019 cotton futures prices moved mostly sideways opening the month at 73.38 and closing at 74.20, up 0.82 cents for the month. The January trading range was 72.24 to 75.20. July 2019 wheat futures prices moved sideways, opening the month at $5.18 and closing at $5.27, up 9 cents for the month. The January trading range was $5.17 to $5.40 ¼.

Next week will be the start of the projected (spring) price determination period for corn, soybean, and cotton crop insurance policies. A simple average of the daily closing price for the harvest contract in the month of February is used to determine the price for
crop insurance guarantees. continue reading at Tennessee Market Highlights.