This week’s rally in corn, soybeans, wheat, and cattle couldn’t have come at a better time.
“Everything is making some money again,” said Jerry Gulke, speaking with Farm Journal Radio’s Pam Fretwell. “… It’s good news for everyone who is out there and needs cash flow to make things work for another year.”
Corn, for example, was up 4 cents at week’s end. That may not be much, Gulke admitted, “but it’s up instead of down.” Soybeans finished up roughly 18 cents. “Wheat, which has been the dog of the bunch—we’re awash in wheat—was up 15 cents again.”
Those are welcome developments for growers dealing with spring input purchases, cash rent payments, and taxes this month.
Such movements make Gulke, president of the Gulke Group and a farmer in Illinois, believe even more strongly in the importance of patient sales by farmers, especially when things look as bearish as they have in recent months.
“We’re a lot better at controlling our financial destiny than most people give us credit for,” he said, noting how farmers frequently refuse to sell when prices are below the cost of production. “Just about everything we raise and grow has gotten better, and our competitive advantage has gotten better.”
Listen to Gulke's full comments here: