Tennessee Market Highlights -06/23/2023

Author:  Comments Off on Tennessee Market Highlights -06/23/2023

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

Weather provided wild swings in commodity markets this week. December corn had daily movements of unchanged, +31 ¼, -8, and -32 ¾ cents; November soybeans moved +½, +34 ¼, – 37 ½, and -29 ½ cents; July wheat moved +7 ¾, +38 ¾, +4 ½, and -5 ¾ cents; and December cotton moved +0.60, -0.18, -0.37, and -1.48 cents. Precipitation forecasts continue to be the dominant factor in markets with changes met with large price swings. The volatility in markets can be unnerving for even the most seasoned commodity marketer. Continue reading at Tennessee Market Highlights.