Market Update for 1/20/17

Bob Burgdorfer says corn is higher for the fourth straight week. (podcast)

Corn is higher for the fourth straight week with seven export sales reported in the last two weeks. 

Soybean exports were good for the week. It's unknown how long soybean exports will be good, with Brazil's soybean harvest underway.

Winter wheat prices were up, perhaps fueled by lower planting acres as referenced in Bryce Knorr's report released Thursday.

Expect cold and dry weather in the southern plains next week.

It's a normal week for USDA next week.

 

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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