Jerry Gulke, president of the Gulke Group, says the Jan. 12 USDA report surprised the market with a few unexpected changes.
Due to the holiday season, export sales were delayed and the significant number of cancellations were concerning, says Jamie Wasemiller of the Gulke Group.
As Farm Journal's Pam Fretwell and Jerry Gulke, president of the Gulke Group, go over this year’s markets, they also look ahead to some surprises that may come into being in early 2018.
“A rising tide lifts all ships according to the old saying, so if the U.S. economy gets better and is half as good as Trump thinks it will be, that will pull up a lot of other countries too," says Jerry Gulke, president of the Gulke Group.
With South America getting much needed moisture and the market currently looking at more grain supply than demand, pressure continues to weigh on the grains market and soy complex, says Jerry Gulke, president of the Gulke Group.
The Dec. 12 WASDE report helped corn by raising ethanol usage by 50 million bushel, which reduced ending stocks—good news according to Jerry Gulke as he spoke to Host Pam Fretwell on Farm Journal Radio.
The post-Thanksgiving optimism in the grains market was short lived as grains closed lower on the week with wheat sharply lower. Listen to Jerry Gulke’s full commentary on Weekend Market Report.