Nothing Like a Perfectly Timed Rally

March 12, 2016 05:00 AM
money corn

This week’s rally in corn, soybeans, wheat, and cattle couldn’t have come at a better time.

“Everything is making some money again,” said Jerry Gulke, speaking with Farm Journal Radio’s Pam Fretwell. “… It’s good news for everyone who is out there and needs cash flow to make things work for another year.”

Corn, for example, was up 4 cents at week’s end. That may not be much, Gulke admitted, “but it’s up instead of down.” Soybeans finished up roughly 18 cents.  “Wheat, which has been the dog of the bunch—we’re awash in wheat—was up 15 cents again.”

Those are welcome developments for growers dealing with spring input purchases, cash rent payments, and taxes this month.

Such movements make Gulke, president of the Gulke Group and a farmer in Illinois, believe even more strongly in the importance of patient sales by farmers, especially when things look as bearish as they have in recent months.

“We’re a lot better at controlling our financial destiny than most people give us credit for,” he said, noting how farmers frequently refuse to sell when prices are below the cost of production. “Just about everything we raise and grow has gotten better, and our competitive advantage has gotten better.”

Listen to Gulke's full comments here:

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Spell Check

Wharton, TX
3/13/2016 07:08 AM

  I'm normally not a person to speak out on topics since everyone has the right to speak freely. However, what is your angle Mr. Gulke? I normally just pass over your articles or what ever they are BUT I made the mistake of reading this one. This is the biggest bunch of BS I've heard in awhile. Do you just like being in the spotlight like the Kardashians?

Western, NE
3/13/2016 11:13 AM

  Rally? What rally! The basis has widened 10 cents in wheat to absorb the 15 cent rally you mentioned! Oil is still well oversupplied for the next year or more, yet it has been going up between $1 and $2 a day for the last 10 days with very little correction in between! When ag commodities start going limit up, then we'll talk--until then........

Swanton, VT
3/13/2016 04:11 PM

  Do not seed gmo corn,it kills all the worms in soil .the worms eat résidues and Die. we had a pasture for dairy cows for more than 50years.that field was full of worms, In 2011 we seed soya gmo,In 2012 we seed gmo corn in2013 we seed soya gmo again. After no more worms in the field they all desapeared . If all farmer stop seeding gmo price Will go up, i préfère 150 bushels at $7.50 to 168 bushel at$ 3.50. In 1980,price of a corn seed bag was $28.00 today it Is x10, price of fertiliser was$80.00 per ton today x10 ,price of one acre was $600.00 ,price of fuel was $0.35 price of corn in1980 was $3.00 bushel about the same price 36years later where Is the mistake? Every things Is 10 Times more expensive. Corn should be 10 Times more thing twice


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