Farm Progress

Crops higher as dollar and rain fall

Turmoil in Washington rattles financial markets. (audio)

May 17, 2017

1 Min Read
Rising volatility may have farmers looking at new crop soybean sales for 2017 alreadylukas_zb/Thinkstock

Corn, soybeans and wheat are higher at midday as they resist the turmoil that is hitting the financial and equity markets.

The dollar is the lowest since November as the troubles in Washington may prevent the Trump administration from advancing its tax reform and pro-business projects. The lower dollar could benefit crop exports.

More rain in the Midwest and the Plains this week is providing support as wet fields would delay spring planting.

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

 

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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