Tennessee Market Highlights – 05/27/2022

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

Harvest corn futures are now over 40 cents lower than the May 17th high of $7.65 ½. Planting has progressed substantially the past two weeks and is now approaching the 5-year average nationally. Additionally, most of the corn belt has favorable soil moisture. There is still a lot of time in the growing season, and late planting could affect national average yield, but crop conditions have improved. Weather will continue to dictate market direction until the next major USDA report, which will be the June 30th Acreage report. Continue reading at Tennessee Market Highlights.

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