Big crops, good weather, slowing export sales, weigh on crops

Big crops, good weather, slowing export sales, weigh on crops

Yellen says economy improving but offers no timetable for rate hike. (audio)

Corn, soybean and wheat markets are lower as big crops here and around the world weigh on the markets.
Fed Chairman Janet Yellen’s long-awaited speech on Friday said the U.S. economy is improving and a rate hike is warranted. She did not say when a rate hike would occur, but the financial markets indicate traders are betting it will be December this year or June next year.

Listen to the report using the audio link on this page.

Corn, soybean and wheat markets are lower. (Photo: solarseven/Thinkstock)

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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