Market Update for Nov. 17, 2017

Ben Potter says all in all, it was a good day for the grain markets. (audio)

Ben Potter recaps the week in markets and looks ahead to next week:

  • Soybeans up 18.5 cents today, same as when soybeans received friendly WASDE report couple weeks ago.
  • Corn added 6.5 cents today to close at 3.43 in December. Ended up where it started the week.
  • Wheat closed higher today.
  • All in all, it was a good day on the grain markets.

 

  • Weather should be clear for Thanksgiving travelers and allow farmers to finish harvest. On Monday, corn harvest was 83% complete and soybean harvest was 93% complete.  Winter wheat planting was at 95%. Wisconsin has most corn crop left to harvest, where 56% of the corn has been brought in.

 

  • Next week at USDA – business as usual through Wednesday. On Friday, USDA issuing Weekly Export Sales, which would have normally come out on Thursday. There is also a cotton price report on Friday, which is an abbreviated trading day.

 

Senior Editor Ben Potter brings more than 14 years of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

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