Market Update for 2/10/17

Bob Burgdorfer discusses factors impacting the market this week. (audio)

Corn reaches 7-1/2 month high. USDA's report out yesterday said food, feed and ethanol use all increased.

There were two soybean sales to unknown destinations this week and one corn sale to Japan. Oftentimes, there are cancelations this time of year.

Abnormally high temperatures are expected for most of the United States next week and dry conditions too.

On Monday, ERS will release a bunch of data.

The CFTC report out today said the funds are long in corn, soybeans and hard red winter wheat.

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