Gulke: Traders See Sufficient Corn And Soybean Acres

March 25, 2017 04:00 AM

The marketplace is ramping up speculation about U.S. corn and soybean acres ahead of USDA’s Planting Intentions report due out on March 31. Increasingly, it seems traders think there will be plenty of both crops planted this year, says Jerry Gulke, president of the Gulke Group in Chicago.

“Markets reacted to more and more discussions about maybe there will be sufficient acres planted of both [corn and soybeans] as a survey of almost 30 traders came out the average guess is 90.9 [million acres of corn] and 88.3 [million acres of soybeans],” says Gulke in an interview with “Weekend Market Report” host Pam Fretwell in an episode airing Saturday, March 25, 2017. “Given a good yield this year, [that] would be sufficient production for both crops.”

Meanwhile, live cattle and feeder cattle this week continued their rally that started last October. This week, news of tainted meat came out of Brazil, which should result in beef demand switching to the U.S., “seemingly at reasonable prices as well and then leading to even better profits for the cattle feeder,” Gulke says.

Look for more acreage details a bonus report with Gulke and Fretwell airing Tuesday, March 28 on

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Spell Check

Froma, DE
3/26/2017 05:36 PM

  We should all quit farming. I know we all enjoy it. It's our way of life. But the reality is the land owners ( most of which acquired it in a 1031 exchange or inherited it) are earning all the profit, Farm Managers too. Farmers should earn more than any celebrity or sports player. We supply the food. The most important thing. Let's hold the world hostile and finally let the general public know who's in charge. I know this is a radical idea but I'm tired of working for nothing. We earn an an average income but have millions of dollars invested to do it.

wadena, MN
3/27/2017 08:10 AM

  The markets have been telling us that they want less grain for several years. There has been some farm land shifting to grazing here, but meat and milk prices then tanked also. So being a low cost producer, or an organic dairy, are the only profitable games in town. Landlords are starting to have difficulty finding renters for lower productivity ground. I expect congress to attempt another CRP program expansion in 2018.

Jonesboro, AR
3/27/2017 08:51 AM

  I don't know about anyone else but I have contacted my senators and representative urging them to take a look at the old set aside programs. We all have marginal ground that could be laid out. We are very simply planting too many acres that the market is telling us they don't need!


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