On the heels of the Top Producer Seminar, Jerry Gulke, president of the Gulke Group, says the overall mood of farmers seems to be fairly positive considering the current economic aspects in agriculture. The excellent yields farmers experienced last year seemed to somewhat mute the effects of cheap prices; however, several concerns remain.
South American weather is among those concerns as Argentina remains dry and Brazil is too wet. Gulke says with South American weather currently on the minds of traders it might be overshadowing the short-term concerns of too much corn and soybeans in stock as their weather can still change things considerably in the next 60 days.
Listen to Jerry Gulke’s full commentary on this week’s Weekend Market Report.