Market Update for April 21, 2017

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

Corn, soybeans and wheat were lower for the week.

Funds sold everything this week.

Corn was 6% planted on Monday, estimate it will be higher this week, perhaps close to five-year average. First soybean planting numbers will be included.

The 30-day forecast out this week predicts a more normal weather pattern for the 30-day outlook. 

Today, there was an old-crop soybean sale. That's unusual for this time of year.

It's unknown how France's election on Sunday will impact the market.

Sonny Perdue is expected to be confirmed as ag secretary next week.

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.

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