Farm Progress

Market Update for April 7, 2017

Bob Burgdorfer discusses factors impacting the market this week. (audio)

April 7, 2017

Corn, soybeans and wheat all closed lower for the week. There's not a lot of bullishness in the market.

Rain in coming in on on after a few dry days, with storms expected in Kansas, Missouri and Iowa.

There's plenty of moisture in wheat country.

The CFTC report shows big fund investors are bearish on the market.

A monthly supply and demand report comes out on Tuesday and the crop progress report on Monday.

Next week is a short week, with the market closed on Friday in observance of Good Friday.

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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