# Tennessee Market Highlights | UT Crops News

> Corn, soybeans, cotton and wheat fell over the week in Tennessee market commentary. Increased rain forecasts for the Corn Belt and the U.K. vote to leave the European Union were cited as the main drivers. The author expects both factors to keep weighing on commodity markets.

- Date: 2016-06-24 · published 2016-06-24T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/9747-tennessee-market-highlights-ut-crops-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rain forecasts reduce weather-related supply risk for U.S. feed grains and oilseeds, while the Brexit-driven dollar strength lowers commodity prices in dollar terms. Both factors point to lower feed input costs in the near term.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-06-08 | [Tennessee Market Highlights \| UT Crops News](https://feedsoft.ai/events/8250-tennessee-market-highlights-ut-crops-news.md) | -3.0% | -4.0% |
| 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 | 2018-06-08 | [Tennessee Market Highlights \| UT Crops News](https://feedsoft.ai/events/8250-tennessee-market-highlights-ut-crops-news.md) | -4.8% | -10.3% |
| 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/2016/06/tennessee-market-highlights-122/

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