Tennessee Market Highlights – 06/16/2023

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

Dry conditions pushed corn and soybean futures higher this week. December corn closed the week up $0.67/bu at $5.97 ½ per bushel and November soybean futures closed up $1.38/bu at $13.42 ¼ per bushel. December corn futures are up 106 ¾ cents since the May 18 low of $4.90 ¾. November soybean futures have closed up seven consecutive trading days with gains of 10 ½, 15 ¼, 4 ¾, 30 ½, ½, 52 ¼, and 50 cents from June 8 to June 16. Dryer forecasts will continue to propel corn and soybean prices higher. Continue reading at Tennessee Market Highlights.

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