Market Update for Jan. 29, 2018

Bryce Knorr discusses factors impacting the market this week. (audio)

On Friday, it looked like soybeans were ready to give it up, but today they are higher on news of dry weather in Argentina. Hotter temperatures and continued dry weather in Argentina are forecast. But, there's still concerns about the lack of soybean purchases from China.

Wheat is also higher, with reports out today on the condition of winter wheat in the U.S. The dry weather on the southern Plains is expected to continue for at least the next two weeks.

Corn appears to be tagging along.

Remember, the supplies of all three crops are large.

There's outside news that could impact the market this week, from Janet Yellen's last meeting as chairwoman of the Federal Reserve, to Donald Trump's first state of the union address to the jobs report due out Friday.

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