Soybeans were up; cotton and wheat were down; and corn was mixed for the week. On Thursday morning, March corn set a new contract low of $3.62 ½, before bouncing back on Thursday afternoon and Friday, closing down 1 cent for the week. Corn exports continue to lag well behind USDA projections at 17% (297.5 million bushels) of the 1.75 billion bushels projected for the 2015/16 marketing year. The five year average export pace would have 25% of the marketing year total (437.5 million bushels) exported by this week. Continue reading at Tennessee Market Highlights.

Corn, soybeans, and cotton were down; wheat was up for the week. The December WASDE report, released on Wednesday, provided limited modifications from the previous month’s report. Corn supply (beginning stocks + production + imports) was left unchanged from last month at 15.415 billion bushels. Corn used for ethanol was increased 25 million bushels due to the increased volumes put forth in the EPA’s RFS announcement on November 30th. Exports were decreased 50 million bushels due to the sluggish export sales pace year-to-date and an overall lack of price competiveness in global markets. Continue reading at Tennessee Market Highlights.

Corn, soybeans, cotton, and wheat were up for the week. Corn and soybeans started December on a positive note with March and January futures contracts up nearly 10 and 25 cents, respectively. As we move into 2016, corn may have a difficult time maintaining the upward momentum as exports continue to substantially trail USDA estimates. Continue reading at Tennessee Market Highlights.

Corn and wheat were down; soybeans and cotton were up for the week. This past week was a short trading week due to the Thanksgiving Holiday. Corn export sales were up noticeably compared to previous weeks in spite of the USD index crossing over 100. Export sales will have to maintain or accelerate the sales pace of the past week in order to get back on track to meet the USDA’s export projections, which are currently 17% behind the 5-year average for export sales and commitments. Likely we will see additional export reductions on either the December or January WASDE reports. Continue reading at Tennessee Market Highlights.

Corn and soybeans were up; wheat was down; and cotton was mixed for the week. Markets were reasonably quite this week trading mostly sideways in tight ranges as we approach the holiday season. March corn appreciated modestly this week trading between $3.64 and $3.72. Seasonally, this is the time of year when corn prices have a post-harvest rally however producers should not anticipate the 79 cent rally, off the low, that last year’s March corn contract achieved. Continue reading at Tennessee Market Highlights.

Corn, soybeans, and wheat were down; cotton was up for the week. On Tuesday, the USDA released a very bearish WASDE report for grains and oilseeds. Corn received the worst of the news (although there was plenty of negative price news to be spread across commodities). Average U.S. corn yield was increased 1.3 bu/acre to 169.3 bu/acre. Continue reading at Tennessee Market Highlights.