The following information is bonus material from Top Producer. It corresponds with the article, “Market Strategy” by Jerry Gulke on page 20 in the October 2008 issue.
Market Strategy Weekly Corn Chart
Corn weekly price chart shows a downtrend.
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Alan Brugler with A&N Economics, Inc. says the grain market traders are cautiously optimistic a cease fire or peace deal between the U.S. and Iran is near and took out war premium Tuesday.
Joe Kooima with Kooima Kooima Varilek says at least initially it looks like the cattle futures had already anticipated the negative report data with the sell off late last week.
Last week Jerry Gulke, president of The Gulke Group, predicted the highs had been made in the grain markets on May 13. After reading the White House fact sheet on the China trade framework, he says he hasn’t changed his mind.
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