Corn, wheat start the new year higher, soybeans lowerCorn, wheat start the new year higher, soybeans lower

Corn and winter wheat started the first trading day of 2017 a little higher after being lower for 2016.

Market attention remains on South America, where Argentina and Brazil should have rain this week.

Brazil will be harvesting soybeans soon and dry weather will be needed. Argentina’s soybean harvest is about two months away.

The dollar bounded to a new 14-year high early on Tuesday. It soon parred gains, but remains higher.

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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.

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