Farm Progress

Market Update for 1/17/17

Bryce Knorr says the nearby contract for soybeans is at highest level in 6 months. (audio)

Compiled by staff

January 17, 2017

Soybeans posted double-digit gains overnight with the nearby contract rising to its highest level in six months. Harvest is moving along in Brazil at a faster pace than normal.

The dollar is trading at its lowest level since the first week of December after president-elect Donald Trump made remarks that the dollar may be too high.

British Prime Minister Theresa May outlines plans for Great Britain to exit the European Union, saying it will be a clean break.

Wheat from Kansas south received some much-needed moisture from Winter Storm Jupiter, which should help the hard red winter wheat. The Black Sea region wheat is experiencing good growing conditions.

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