Tennessee Market Highlights- 07/21/2023

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

Many factors are influencing commodity prices. Recently, movements in corn, soybeans, wheat, and cotton prices have been driven by the Russia/Ukraine conflict, US acreage estimates, and weather concerns across a large portion of the Corn Belt, and this is likely to remain the principal focus of markets into August. As of July 18, 2023, the percentage of soybeans in Moderate Drought (D1), Severe Drought (D2), Extreme Drought (D3), and Exceptional Drought (D4) was 1%, 6%, 13%, and 30% (USDA-Ag in Drought). Continue reading at Tennessee Market Highlights.

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