Cotton and soybeans were up; wheat was down; and corn was mixed for the week.
We have entered arguably the most important time of the year, for risk management, for spring planted row crops in Tennessee – the projected price determination period for corn, cotton, and soybeans. The prices established will be the starting point for many producers’ risk management plans for the 2022 crop year. As of February 4, the projected prices were, corn $5.73, soybeans $13.88, and cotton $1.03 (wheat projected price was set September 15 at $7.14). The next three weeks will determine the final projected prices, but current prices are very positive for crop producers. Continue reading at Tennessee Market Highlights.