Farm Progress

14-year high in the dollar weighs on wheat. (audio)

Bob Burgdorfer, Senior Editor

December 15, 2016

1 Min Read

Soybeans futures rose after China bought more soybeans and after the better-than-expected sales in USDA’s weekly export report.

Corn and wheat markets are lower as the strong dollar may dampen export demand.

The dollar rose to a 14-year high on Thursday after the Federal Reserve on Wednesday raised its key interest rate 0.25% and said three more rate hikes are likely in 2017.

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.

About the Author(s)

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like