Market Update for 1/27/17

Bob Burgdorfer talks about the Trump dispute with Mexico. (podcast)

President Trump proposed a 20% tariff on Mexican imports to pay for a wall. This could have a far-reaching impact for ag as Mexico is the No. 1 destination for U.S. corn and the second leading importer of U.S. soybeans.

Corn posted its first weekly loss in five weeks. It was mostly a down day on the market.

The Chinese New Year celebration continues through Feb. 2, expect lighter trading.

USDA market reports as normal next week.

CFTC report out today.

Sonny Perdue isn't in office yet, no hearing yet.

 

Listen to the report using the audio link on this page.

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.

TAGS: Corn Soybean
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