Farmers would like to see corn trading higher, but don’t forget – it ain’t over until it’s over, and a lot of potential factors could touch off another round of market volatility, says Jerry Gulke, president of the Gulke Group in Chicago.
“Weather – both here and abroad – coupled with the uncertainty of planted acres and the demise of the spring wheat crop, has all markets pretty jumpy and nervous,” he tells Farm Journal Radio host Pam Fretwell.
The weather conversation has turned to hotter, dryer conditions across some key crop production areas, and as Gulke quips, “The trend is your friend” and could help drive some weather rallies this summer. The weather chatter isn’t all hype either, Gulke adds. An abundance of shallow-rooted grain acres will struggle if these conditions continue.
“If we ever needed a perfect year from here on out, we need one now,” he says.