Market Update for 1/13/17

Bob Burgdorfer says hard red winter wheat closed at its highest level since June. (audio)

Hard red winter wheat's lead market month was highest since June. USDA's report yesterday confirmed that wheat acreage will be at its lowest level in more than 100 years.

Soybeans set a one-month high today with good gains this week. 

Corn had five export sales this week. 

Once the South American harvest starts, corn and soybean prices will likely decline.

Freezing rain is in the forecast and a warm-up is on the way for next week.

USDA is closed on Monday for the Martin Luther King Jr. holiday.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.