Gulke: October Reports Beget Apprehension for Farmers, Traders

October 8, 2016 06:35 AM

With indecision and a basic sideways trading range for the past few weeks, the upcoming USDA reports on Oct. 12 will be met with apprehension due to the uncertainty in the grain markets right now, according to Jerry Gulke, president of the Gulke Group. This report could take the market either direction, he says.

However, because USDA delivers this report midweek, there’s a chance we could see new highs if demand is better than previously expected. For soybeans, that has already been the trend for the past several months, Gulke says.

“It’s not going to be so much what’s in the market report, but how is the market going to react to it,” he says.

Listen to Jerry Gulke’s full commentary below.


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Spell Check

langdon, ND
10/9/2016 03:08 PM

  what a waste of time for an article! This is a perfect example of most articles in the internet ag sites where the authors need something to write but cant find anything substancial to talk about! just like all the hype over any report the government comes out with becomes the most important report of the year! The most stupid report is the planting intentions report that comes out in march! These reporters have had nothing to talk about for months so then it becomes the most important report of all time just to entice people to read "their" slant on the report! LAME and gets old