Market Update for May 19, 2017

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

Corn, soybeans and wheat were higher for the day, with weather one of the dominant news stories of the week. The 6 to 10 outlook is showing it will be cold next week in the western Midwest and drier next week.

Brazil's president is being investigated for bribery, which sent the soybean market into a downward spin on Thursday.

There's also concern that President Trump won't be able to push his agenda with the turmoil surrounding his administration. 

The CFTC report shows the funds are net short in Hard Red Winter Wheat.

The Crop Progress Report out on Monday will be closely watched.

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: Market News
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