Tennessee Market Highlights – 06/09/23

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

Dryness has crept into Tennessee. As of June 8th, the U.S. drought monitor indicated that 49% of Tennessee was abnormally dry and 9% was in moderate drought. However, the NOAA precipitation forecast for June 10 to June 17 projects 2 to 5 inches of rain in the next seven days for most of Tennessee. Additionally, rain in the seven-day forecast is projected for a large portion of the Corn Belt, with greater quantities in the southern portions. If realized, the rains should help alleviate the abnormally dry or moderate drought conditions, that currently cover a large portion of the primary US corn and soybean producing regions. Continue reading at Tennessee Market Highlights.

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