Market Outlooks
After hitting a record high for Class III fluid milk in April 2022 at nearly $26, spot month milk futures have plunged to new contract lows, hitting $14.92 per hundred weight on June 16.
After a volatile week, Jerry Gulke was encouraged corn and soybeans closed higher Friday and near session highs. That tells him the weather market, which is still in its early stages, hasn’t run out of steam.
Jerry Gulke, president of the Gulke Group, says the rally was both a weather and a technical recovery. The key is how long will the rally last and how should farmers position themselves in the market?
China seems to have made the strategic decision to buy ag products from just about every global supplier but the U.S., largely a result of the rising trade tensions between the two countries.
The Federal Reserve raised interest rates 25 basis points on Wednesday and remains adamant interest rate cuts will not come until 2024 at the earliest.
Agriculture is watching the ongoing contract negotiations between the unions at West Coast ports as tensions rise. However, the unreliability of shipping has already caused a shift in business to East Coast ports.
While fertilizer prices are off March lows, they are still from 45% to 60% lower than this time last year, depending on the nutrient or product.
Crude oil moves back above $80, what does that mean for interest rates and diesel fuel prices for farmers this growing season?
The next challenge for U.S. farmers? To plant the 92 million acres of corn and 87.5 million acres of soybeans.
The Northern Plains was hit by another winter storm on Tuesday adding to the snowpack which ranges from several inches to several feet. So is it too early to start talking about planting delays?
If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall.
USDA’s Prospective Plantings and Quarterly Grain Stocks reports tend to produce big price moves, and this year was no different. Jerry Gulke provides his analysis of the important data.
Markets are gearing up for UDSA’s Prospective Plantings and Quarterly Grains Stocks Reports.
Farmers around the Corn Belt are anticipating a big year for corn, especially with improving soil moisture in corn-deficit areas where cash prices have remained strong.
Questions are arising about whether or not Russia will temporarily halt wheat and sunflower exports after a sharp drop in global prices in recent weeks and conflicting stories on Friday.
Political tensions between the U.S. and China have run high the past several months. The good news is it doesn’t appear there has been much spillover into U.S. agricultural trade.
While the wheat market might not be respecting the situation, there are big concerns about the nation’s winter wheat crop due to drought.
Oil prices are also off their highs of last year and gas and diesel prices are also sliding at the pump, but will that trend continue ahead of planting? Energy experts are hoping the answer is yes.
The financial industry was hit with a black swan due to the shuttering of two high-profile banks. This has implications for ag markets and lessons for farmers, says Jerry Gulke of Gulke Group.
While experts don’t compare the recent collapse of several high-profile banks to the financial industry crisis in 2008 and 2009, there is a level of nervousness that bears watching.
With USDA’s carryover estimates trending higher and price outlook trending lower from last year, many expect the sideways trends in new-crop futures to continue until the next shift in the fundamental outlook.
USDA is projecting higher production of major commodities for the upcoming crop season for the U.S. and globally, releasing their baseline projections for the upcoming marketing year at the USDA Ag Outlook Forum.
The United States natural gas market has imploded with prices dropping 80% since summer. So, should end users be locking in supplies?
Orange production in Florida is projected to be down nearly two-thirds from last year and according to USDA at levels not seen since the Great Depression. What does this mean for producers and consumers?
What will the next decade hold for your farm? What factors should you use to weigh investments or crop planning? Here are five trends and data sets to ponder from USDA’s latest Agricultural Baseline Projections.
U.S. beef exports set annual records for both volume and value in 2022. The strong performance came in the face of many supply chain headwinds in the last year and COVID lockdowns in China.
While Tyler Schau, AgMarket.Net hedging strategist, wouldn’t call this month’s report a barnburner, it did have a few market implications.
USDA’s January updates limit downside price risk but do not eliminate the risk of lower prices.
Corn and soybean prices hit 10-year highs in 2022, creating exceptional returns to row crop producers. Will 2023 be a repeat or will prices shift lower?
“It’s been a quiet week except for wheat,” says Jerry Gulke, president of Gulke Group. “Wheat has some promise, but we’ll have to see what happens in Ukraine and also with the weather.”