Farmers may be getting anxious for a rally—and worried about cash flow, as the calendar flips to March—but Jerry Gulke wants growers to remain patient.
“It’s been a poor time in the last 60 days to make a big decision. You have the chance to make a big wrong one by getting too far ahead of the market,” said Gulke, president of the Gulke Group, speaking on Farm Journal Radio. “Prices are not a lot different than they were a year ago.”
If you’re wondering what’s going on, you’re not alone. “The market is just as uncertain as you and me,” said Gulke, who believes the market is trading sideways in the absence of the data it needs.
“It’s waiting for time and price--for time to pass and more information to come across, and a price relevant to what we now know,” he explained.
Listen to his full comments here: