Jerry Gulke can’t believe how ideal the weather has been for planting this year.
“It couldn’t have been a better spring,” said Gulke, president of the Gulke Group in Chicago and a farmer in Illinois. “This thing is working up like garden—it’s perfect conditions. It’s almost too good to be true.”
The same thing is happening all over the Corn Belt. Based on the USDA’s weekly crop progress numbers, marketing firm Allendale predicted as much as 50 percent of the corn crop could be planted this weekend.
“A lot of people got done in April,” said Gulke, speaking with Farm Journal Radio from his fields in Illinois, where he'd spent the day planting. “I’ve never been done planting corn in April before.”
Listen to Gulke's Weekend Market Report here:
That sort of “jump start” could result in another bumper corn crop this year.
“I didn’t believe—or didn’t want to believe—that we could produce two big crops in a row, but the market is telling us we are off to as good a start as we’ve seen in a long time,” Gulke said. “If the weather cooperates into summer, we’ve got a chance to grow a pretty good crop in everything.”
The tradeoff comes in the form of low grain prices and willing-to-wait buyers. All this perfect weather and big-crop potential “doesn’t bode well for the end user being excited about having to lock in prices,” Gulke noted. “He sees this coming ... there’s no sense of urgency.”
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