Corn, cotton, soybeans, and wheat were up for the week. Corn net sales for export were almost double pre-report estimates at 85.1 million bushels for the week of April15-20. Immediately following the export sales report on Thursday, July corn futures increased 5 cents. Currently, total export commit-ments (outstanding sales + exports) total 1.459 billion bushels (540 million bushels of outstanding sales plus 919 million bushels of accumulated exports), 191 million bushels short of the USDA’s 2015/16 marketing year projection of 1.65 billion bushels, with 19 weeks remaining in the marketing year. To achieve the USDA projection, net sales would need to average just over 10 million bushels per week. Continue reading at Tennessee Market Highlights.

Corn was down; cotton, soybeans, and wheat were up for the week. December corn peaked at $4.09 on Thursday before retreating to a close of $3.81 on Friday. Concerns about drier weather in Brazil and the sharp rally in the soybean complex drove prices up at the beginning of the week. Soybeans continued their upward trajectory at the beginning of the week; however, by Thursday the rally started to falter and on Friday soybean contracts gave back between 15-30 cents. Continue reading at Tennessee Market Highlights.