Sep 19, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

Not a Bad Stalk in Sight

August 9, 2014
By: Alison Rice, AgWeb.com Markets and News Editor
nebraska corn
  
 
 

Like everyone else, Jerry Gulke of The Gulke Group thinks this year’s corn crop could be, well, huge. "You could go through the entire state of Iowa and Illinois, and it’s hard to find a bad stalk, let alone a bad field," Gulke told Farm Journal Radio on Aug. 8. "The perception is that we have a big crop—we just don’t know how big."

Listen to Gulke's full analysis below:

Gulke and the rest of the farming world may soon have a better idea about that: the USDA releases its latest crop report on Tuesday. He plans to pay special attention to the number of harvested acres for corn. This figure dropped last month by 450,000 acres more than Gulke would have expected using standard calculations, and he thinks the number of failed acres could continue to grow to as many as 1 million by October. "Of course, it’s probably a drop in the bucket compared to the huge yields on all the rest," he says.

With so many people predicting a big harvest, the upcoming report will probably just confirm what many crop-watchers already expect. That’s why Gulke says the real number to watch is Tuesday’s market close for corn and other commodities. "How we close on Tuesday is going to be more important than what the crop report says," he believes.

With corn so low, Gulke’s also watching cattle prices, which have hit historic highs this year. "When you look at the perception that we’re going to have cheap corn for a long time and [the fact that] there’s not enough cattle out there, I want to be a cattle operator," he says.

See Comments

RELATED TOPICS: Corn, Marketing, USDA, Cattle

 
Log In or Sign Up to comment

COMMENTS (4 Comments)

Sodbuster2 - Kouts, IN
Not sure where you have been driving in Illinois. Drove from the State line to Kankakee then I-57 down to I-72 and then from Jacksonville to Madison. Saw a lot of not "Good - Excellent" corn fields.
9:45 PM Aug 11th
 
Sodbuster2 - Kouts, IN
Not sure where you have been driving in Illinois. Drove from the State line to Kankakee then I-57 down to I-72 and then from Jacksonville to Madison. Saw a lot of not "Good - Excellent" corn fields.
9:45 PM Aug 11th
 
Bulldawg - Greensburg, IN
How can the market "Gap" lower when market is trading when the USDA's releases its numbers?
4:35 PM Aug 10th
 
Bulldawg - Greensburg, IN
How can the market "Gap" lower when market is trading when the USDA's releases its numbers?
4:35 PM Aug 10th
 



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive Beef Today's Cattle Drive today!. Interested in the latest prices for cattle in your area? See highlights of the latest for-sale cattle in the Cattle-Exchange eNewsletter.

 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions