Corn was down last week with Greenville cash corn currently trading $0.01 lower than a week ago and $0.35 lower than a year ago at $3.48/bu on Friday. December futures contracts are $0.02 lower on the week at $3.53/bu. Nationally, about 61% of the U.S. corn crop is harvested, behind a year ago and behind the five year average of 62%.
Soybean are trading higher this week, with Greenville soybeans trading $0.20 higher at $9.72/bu on Friday. A year ago, Greenville soybeans were trading for $9.26/bu. Nearby November soybean futures are trading $0.21 higher than a week ago. Mississippi’s soybean harvest is ahead of the 5-year average as well as a year ago with 92% of the crop harvested compared to 89% a year ago and also a five year average of 89%. The U.S. soybean harvest is right on pace with 76% of the crop harvested compared to a 5-year average of 76%.
December wheat futures are down $0.07 from a week ago at $4.15 while Greenville wheat prices are also down $0.06 on the week at $3.75/bu on Friday. Mississippi producers have 17% of their wheat crop planted, well behind a year ago and the 5-year average of 27%. The U.S. winter wheat crop is progressing well with 79% planted, slightly behind last year and the 5-year average of 82%.
Cotton prices finished the week lower with South Delta cash prices trading $1.50/cwt lower than a week ago at $68.57/cwt and $6.80/cwt higher than a year ago. Nearby cotton futures are higher with December cotton futures closing at $69.07, down $1.50/cwt from last week. Mississippi producers currently have about 81% of the state’s cotton crop harvested, ahead of a year ago and the 5-year average of 72%. Nationally, 39% of the cotton crop is harvested, slightly ahead of the 5-year average of 37%.
For more detail on crop futures and Mississippi local cash prices click here.
Recent Comments