With South America getting much needed moisture and the market currently looking at more grain supply than demand, pressure continues to weigh on the grains market and soy complex, says Jerry Gulke, president of the Gulke Group. While grain and soy exports are behind expectations, livestock exports are staying fairly positive.
“Right now it’s a matter of consuming a lot and producing a little too much,” Gulke says.
Also this week, the Gulke Group wrapped up their annual December Outlook Conference in Chicago. Despite current problems and volatility within the agriculture industry, the majority of the speakers agreed on one thing—production ag is the best place to be and farmers wouldn’t want to be anywhere else. Listen to the full highlights from the conference and all of Gulke’s commentary on this week’s market action on Weekend Market Report.