Wednesday, January 18, 2017
Wake Up Call Allendale Advisory Center: Grain markets are lower on profit taking after yesterday’s rally. The US Dollar is higher and crude oil is lower causing a bit of headwind for grains this morning. It appears traders are currently pricing large losses in Argentine 2017 soybean crop. March soybeans are 69 cents higher in 3 sessions. Brazil’s trucker strike is adding fuel to the near-term buying interest.