Morning Farm Market Report 1-17
It’s Friday and the grains are lower.
We have quite a pattern of the grains under pressure on a Friday. Even though market Bears keep talking about “no demand” we had very good export sales yesterday in the weekly report. On top of that the USDA announced a daily sale of 204,000 metric ton of United States Corn sold to Egypt this morning! Egypt is know as a “value buyer.” Beans are getting hit the worst this morning because the forecast for South America has a little more rain in it. Click on the link and listen to the conversation I had with Gordy on the air this morning at 8:30. I am heading over to the Southern Research and Outreach Center in Waseca this morning for the Winter Crops Day Program.