For the sixth year, USDA’s January Crop Production, Grain Stocks and World Supply and Demand Estimates shocked and slammed the grain markets.
Jerry Gulke, president of
The Gulke Group, says this week’s reports removed the focus on tight supplies and sent prices lower. Moving forward, he says, weather trouble in the U.S. or abroad could still move prices back up.
“If we don’t get a crop failure somewhere, we’re in a world of hurt.”
Luckily, he says, the reports did nothing to curb world demand by crashing prices. “Lower prices means we’re more competitive then we were and we may build more demand over time.”
Listen to Gulke’s full audio analysis:
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Gulke provided commentary immediately following the Jan. 12 reports.
Hear his comments.
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