Corn, soybeans, cotton, and wheat were down for the week. Prices continued to slide lower this week as harvest progressed across the South. Compared to last year at this time, corn and cotton futures are about the same while soybean and wheat futures are substantially lower. In 2014, the December corn contract low was $3.18 ¼ on October 1; the November soybeans contract low was $9.04 on October 1; the December cotton contract low was 57.84 on November 20; and the December wheat contract low was $4.66 ¼ on September 25. For 2015, the current contract lows are: corn ($3.57 ½); soybeans ($8.55); wheat ($4.63); and cotton 61.20. Continue reading at Tennessee Market Highlights.

Corn, soybeans, cotton, and wheat were down for the week. Prices continued to slide lower this week as harvest progressed across the South. Compared to last year at this time, corn and cotton futures are about the same while soybean and wheat futures are substantially lower. In 2014, the December corn contract low was $3.18 ¼ on October 1; the November soybeans contract low was $9.04 on October 1; the December cotton contract low was 57.84 on November 20; and the December wheat contract low was $4.66 ¼ on September 25. For 2015, the current contract lows are: corn ($3.57 ½); soybeans ($8.55); wheat ($4.63); and cotton 61.20. Given the estimated size of this year’s crop, current global economic conditions, the strength of the USD relative to our competitors, and the abundance of grain, oilseed, and cotton stocks worldwide, it is very unlikely that we have seen the contract lows for 2015. Continue reading at Tennessee Market Highlights.

Corn, soybeans, cotton, and wheat were down for the week. This week we saw a tremendous amount of volatility in the Dow Jones Industrial Average (DJIA) and crude oil. The DJIA reached a 565-day low of 15,666 on Tuesday August 25th and October WTI Crude Oil futures established a new low of 37.75 on Monday August 24th. The DJIA bounced back and erased all of the week’s losses with rallies on Wednesday and Thursday closing close to where the week began. Continue reading at Tennessee Market Highlights.