Gulke: Focus Shifts to Weather, Planting with Jan. Report Over

January 13, 2018 05:11 AM

After a fairly neutral January USDA report, the market is still digesting the updated numbers released. Soybeans, however, did see a key reversal, but the real shocker was the increase in wheat acres, says Jerry Gulke, president of the Gulke Group.

“I thought for sure we’d see a reduction in wheat acres,” he says.

 The report didn’t have much of a fundamental impact on the market as in years prior, though.

“Hope springs eternal,” Gulke says, “and now we look at weather and what we’re going to plant.”

Listen to Jerry Gulke’s full commentary on the USDA reports’ impact, the collapsing U.S. dollar and stock markets “going crazy” in this week’s Weekend Market Report.


Get more market insight from Jerry Gulke at the 2018 Top Producer Seminar January 23-26 in Chicago.

Attend the 2018 Top Producer Seminar

When: Jan. 23–26

Where: Hilton Chicago Hotel Downtown 720 S. Michigan Ave.

What: Welcome reception on Tuesday, Jan. 23 with Trust In Food™ Symposium attendees; business education and Top Producer of the Year banquet on Wednesday, Jan. 24; “U.S. Farm Report” taping and business education with lunch keynote on Thursday, Jan. 25; and sponsor breakfast followed by two mainstage presentations on weather and the global ag economy on Friday, Jan. 26.

To register or for additional information about this year’s conference, visit

Thanks to our 2018 Top Producer Seminar Sponsors!

Premier Sponsors: Agrium (ESN), BASF, Bayer, Beck’s Hybrids, Case IH, Channel, Dow AgroSciences, John Deere, KCOE ISOM, DuPont Pioneer, Top Con, Top Third Ag Marketing, Valent

Co-Sponsors: CliftonLarsonAllen, CropZilla, Farmers Business Network, Farmers Edge, Rabo AgriFinance

Supporting Sponsors: Advance Trading, AgYield, BMO Harris, Farm Credit, Roach Ag, Richiger, Transition Point Business Advisors

Back to news


Spell Check

Osterdock , IA
1/13/2018 11:12 AM

  China must not be in the market for any grain yet...the USDA will come out with bad news when they are...

Michigan City, IN
1/13/2018 11:38 AM

  Should put an f on the end of usda. United States Department Against Farmers.

Canton, ME
1/15/2018 09:42 AM

  Jerry, you put too much blind faith in trump (a greedy madman in my eyes) and his policies. No doubt the cash in hand will feel nice in the short-term but a disaster in the long-term is looming. Why? Because It's all based on greed and will really only completely benefit a limited and select number of individuals. Mark my words a day of reckoning is in the offing as a direct result of these reckless policies.


Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer