Corn, cotton, and wheat were up; soybeans were down for the week.
December corn increased from $5.61 ¾, on July 22, to $6.85 this Friday, a 123 ½ cent increase in seven months. The upward trend has been supported by production concerns in the U.S. The August USDA WASDE report estimated national yield at 175.4 bu/acre, however many analysts are expecting a revision in yield next Monday to around 173 bu/acre. A 2.4 bu/acre reduction in national average yield equates to a 204.5-million-bushel reduction in U.S. production. This crop year has seen tremendous weather variability making yield estimates highly variable across large sections of the U.S. Corn Belt. Continue reading at Tennessee Market Highlights.