Gulke: Commodities Face An Attitude Adjustment

April 8, 2017 04:00 AM
 
 

Grain prices didn’t change much this week now that commodity markets have undergone an “attitude adjustment” based on surprises contained in USDA’s March 31 acreage report, says Jerry Gulke, president of the Gulke Group. Meanwhile, the two biggest news events affecting markets—a surprise U.S. airstrike in Syria and the visit of Chinese Premier Xi Jinping to the U.S.—occurred outside of agriculture.

“It seemed like there was a lot of excitement, but at the end of the week, not a whole lot had changed in the marketplaces on a week-to-week basis,” Gulke tells “Weekend Market Report” host Pam Fretwell in an episode airing Saturday, April 8, 2017 on AgWeb.com.

Now, the marketplace is looking ahead to USDA’s supply and demand report, which will publish on Tuesday, April 11.

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Comments

 
Spell Check

Hold Mybreath
Heartland, KS
4/10/2017 10:25 AM
 

  1 bushels less on corn yields going to help? Are you serious? 90 million bushel equivalent is going to have NO price impact when you have 2.1 billion carryout. We need a 10 bushel setback nationwide to even the playing field. Then maybe market can wake up...

 
 

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