Market Update for 1/6/17

Bob Burgdorfer says markets are looking toward Jan. 12 USDA report. (audio)

Corn, soybeans and wheat finished higher for the week, even though today was a down day in the markets.

Rain and flooding in parts of Argentina sent soybeans over $10 a bushel for a while, though they were lower today.

Condition reports out Tuesday evening that showed winter wheat condition falling in the Plains supported the wheat market.

Today's weekly export sales was lower, but that's to be expected with the holiday week. Today, the first sale of the new year was reported.

In the 6 to 10 day forecast, warmer weather is forecast for much of the country.

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