Midway through harvest, with farmers wondering whether they should wait until prices go up before selling their corn and beans, Jerry Gulke, president of the Gulke Group in Chicago, is advising farmers that it would be better to wait.
Ahead of Monday’s USDA report, farmers walking their fields already are finding out that corn yield isn’t quite the record high 175.1 bushels per acre predicted by the agency in August, according to Jerry Gulke, president of the Gulke Group in Chicago.
As the new marketing year—and harvest season—begins, Jerry Gulke sees a handful of “encouraging” signs, particularly in corn.
Could a bumper harvest yield $2 corn with no disaster on the horizon to offset a record supply of grain?
With markets rebounding, a bumper harvest approaching, and China’s ever-growing soybean demand, the market has continued to shrug off bearish USDA yield estimates, observed Jerry Gulke, president of the Gulke Group in Chicago.
As bearish as USDA's estimated 175.1 bpa corn yield sounds, Jerry Gulke says there's no need for growers to panic, given the strong demand numbers also released today.
The weather market may be over, and soybeans are not even harvested, but demand – and prices – should remain high thanks to South American weather woes that damaged crops, according to Jerry Gulke, president of the Gulke Group in Chicago.