Watch Wheat Market for Hints of Corn, Soybean Direction

March 19, 2016 05:00 AM
Watch Wheat Market for Hints of Corn, Soybean Direction

The market is coming out of the doldrums with a rally on wheat and beans and corn holding steady.

“The market has digested all the negative stuff we could throw at it and now it’s higher, “ said Jerry Gulke, president of the Gulke Group in Chicago, speaking with Farm Journal Radio’s Pam Fretwell.

His advice for farmers: Wheat may give a precursor of what to expect in corn and soybeans. “Sometimes wheat leads the way" up and down, Gulke said. “If anyone’s concerned about weather, you might see it first in wheat.”

Listen to Gulke's full comments here:

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Spell Check

Austin, TX
3/20/2016 09:35 PM

  The US dollar's value is more important than watching wheat.

Stockton, KS
3/20/2016 09:25 AM

  "sometimes", hell, I can count on one hand that happening in the last 50+ years.

ark C. Daggy
Humboldt, IA
3/19/2016 10:27 AM

  If the FED raises interest rates by 100 points, or as I understand by 10 additional percent, this economy will go so flat, Greece will look like a great economy. I purchase $500,000 to $600,000/year in equipment with near 0% interest, legally avoid taxes. Our purchases would go to zero with 10% to 12% interest rates. John Deere, Case IH and Cat are all ready cutting production back hard. Who would buy farmland with a 10% to 12% interest rate? Farm land prices would return to $2000/acre, with just interest being $200 to $240/year. If a person had outside income and farming had another 1980s depression due to interest rates spiking, it certainly would rapidly thin the herd.


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