National Grain Market Review - Week ending Jan. 20th
Wednesday, January 25, 2017 8:14 AM
Compared to last week, grain and soybean were higher with wheat trading lower. Soybeans were the leader of the board finding support from heavy rain and flooding in Argentina. Additional sources of support came from a weaker U.S. dollar and stronger outside markets. However, concerns over future global trade added some market pressure. The NOPA crush report came out this week listing soybean crush for the month of December at 160.2 million bushels. Wheat was mostly 2-29 cents lower. Corn was 8-13 cents higher. Sorghum was 14 cents higher. Soybeans were 23-28 cents higher.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO