Market Analysis
“Exciting times I think are not behind us yet,” says Jerry Gulke, president of the Gulke Group. “Price volatility is going to be extreme from one week to another.”
Last year, prices rallied from January to May, and a repeat certainly is in the cards.
Dry weather in South America, a brewing U.S. acreage battle and global unrest all took grain prices higher for the week.
In a year of unknowns around COVID-19, growing conditions and exports, producers found an increased need for precise risk management tools. By Debbie Carlson for CME Group
With just one day left in the 2021 trading year, grain prices are showing a little softness but are still at high levels.
At best, the CME wheat futures gave a shot over the bow, showing just how quickly market sentiment can change.
What do we want to see happen next week as we close out 2021? Jerry Gulke, president of the Gulke Group, provides his take.
Despite COVID-19 variants, inflationary pressures and supply chain limitations, consumers will continue to power the economic rebound,
Nearly two years after COVID-19 invaded our world, we are still living with its disruptions, but we should not overlook the more traditional factors also at play.
A review of where we have been and the impact at this juncture is warranted.
The inflation genie is out of the bottle and might be as difficult to get back in as it was in the 1970s. As Yogi Berra would say, “It’s Déjà vu all over again!” Or is it?
The grain markets have a tendency to shift around Thanksgiving. That could be in the cards this year, says Jerry Gulke, president of the Gulke Group.
Has there been a time when the acreage mix for the next crop year has been so hotly debated during the current harvest? What is your take on 2022 acres?
The November Crop Production and World Agricultural Supply and Demand Estimates reports gave a lift to grain prices.
USDA’s Nov. 8 Crop Production and World Agricultural Supply and Demand Estimates (WASDE) didn’t improve prices.
Oats and wheat have been the superstars in commodity prices lately. As oats hit a new record high this week, spring wheat traded to the highest level since 2012.
The concept of “goal-based marketing” is easy to understand. The strategy links the sale of crops or livestock to a goal for your business.
On Tuesday, Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates. Gulke Group’s Jamie Wasemiller will be watching several factors in that round of report.
The questions of if fundamentals really matter anymore have surfaced recently. A look at price discovery for HRSW gives some insight.
With lawmakers focused on environmental social governance and carbon-neutral fuels, odds are the momentum to replace petroleum-based diesel with renewable diesel will not be exhausted soon.
“We are fast running out of gas,” says Jerry Gulke. “If we miss these rains, North Dakota and South Dakota probably deteriorates—North Dakota more so. I will be interested to see what Pro Farmer sees.”
The market seems to have learned from history, and we might witness a repeat.
USDA’s June 30 Acreage report is known to offer a few surprises, and the 2021 edition delivered.
For the week of May 17, corn was higher and soybeans were down hard along with wheat, meal, canola and soy oil. There has been good opportunities to sell cash and avoid the futures exposure.
USDA’s June World Agricultural Supply and Demand Estimates (WASDE) amplified the major themes driving the corn market: Demand is strong, supplies are questionable.
The commodity markets proved the bull market is far from over, as May corn futures ended the week above the $7.70 mark. Soybean prices had a similar story, with old crop finishing Friday above $16.
Do bull markets motivate or paralyze you? Do you stay active in updating your projections or sit on the sidelines watching prices tick up?
How high will prices go? How long will the high prices last? What is behind this rally? Here are some of the factors at play.
The domestic demand story is providing fuel to the markets as strong basis is part of what helped drive the markets higher this week. Marketing analysts on U.S. Farm Report discuss the market action this week.
May corn futures briefly topped $6 this week. While the futures prices didn’t stay above $6, the strong price signals showed up in both old crop and new crop this week.