Farm Progress

Strong dollar, lower Asian markets also weigh on crops. (audio)

Compiled by staff

December 20, 2016

1 Min Read
solarseven/Thinkstock

12/20/16

Soybeans are trading at a one-month low following beneficial rain in Argentina crop areas this week and lower vegetable oil markets in Asia.  Palm oil was lower in Malaysia following a report showing slow exports in early December.

The dollar rose to a new 14-year high on Tuesday to put pressure on all U.S. crops as the strong currency could slow export sales.

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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