# Tennessee Market Highlights | UT Crops News

> Corn, soybeans and wheat declined for the week while cotton rose. Drought in the southern Plains pushed cotton to new highs, and wheat traded in a three-week range between $5.02 and $5.54. Above-average Corn Belt and Mid-South growing conditions drove corn and soybean harvest futures lower by 13 and 48 cents.

- Date: 2018-06-08 · published 2018-06-08T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/8250-tennessee-market-highlights-ut-crops-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Favorable growing conditions in the Corn Belt weigh on corn and soybean prices, while Southern Plains drought supports wheat and cotton values.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2018-06-14 | 5 | -6.6% | -2.9 | Above-average growing conditions drove soybean harvest futures lower by 48 cents in the week, indicating a supply-expectation driver. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-06-24 | [Tennessee Market Highlights \| UT Crops News](https://feedsoft.ai/events/9747-tennessee-market-highlights-ut-crops-news.md) | -4.9% | -5.4% |
| CORN | 2016-06-23 | [UT Crop Market Update 6/23/2016 \| UT Crops News](https://feedsoft.ai/events/10241-ut-crop-market-update-6-23-2016-ut-crops-news.md) | -3.5% | -5.7% |
| CORN | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.6% | +2.1% |
| CORN | 2017-03-20 | [GRAINS MARKETS: Crops unable to hold early gains, end lower](https://feedsoft.ai/events/10722-grains-markets-crops-unable-to-hold-early-gains-end-lower.md) | -2.1% | -0.6% |
| CORN | 2026-10-27 | [CBoT corn drops on US harvest pressure - Markets - Business Recorder](https://feedsoft.ai/events/421-cbot-corn-drops-on-us-harvest-pressure-markets-business-recorder.md) | +0.0% | — |
| SOY | 2016-06-24 | [Tennessee Market Highlights \| UT Crops News](https://feedsoft.ai/events/9747-tennessee-market-highlights-ut-crops-news.md) | +4.5% | -10.5% |
| SOY | 2016-06-23 | [UT Crop Market Update 6/23/2016 \| UT Crops News](https://feedsoft.ai/events/10241-ut-crop-market-update-6-23-2016-ut-crops-news.md) | +0.6% | -9.2% |
| SOY | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.3% | +8.4% |

## Sources

- news.utcrops.com: https://news.utcrops.com/2018/06/tennessee-market-highlights-219/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.