MARKETS
Jerry Gulke, president of the Gulke Group, Gulke thinks the reason the acreage shift could be muted is the uncertainty about decisions this spring.
China is unlikely to increase soybean purchases beyond existing commitments, but markets expect new deals for corn, sorghum, milling wheat, poultry and meat.
Jerry Gulke, president of The Gulke Group, says technically it is a very bullish to see grain markets making new highs for the year starting in May.
Jerry Gulke president of the Gulke Group says when a market reacts negatively to positive news that’s not a good sign.
Jerry Gulke, president of the Gulke Group, says the rally in crude oil is about global energy security but it has benefited the grain markets.
Jerry Gulke, president of the Gulke Group, says the recent strength in the corn market is not a result of the Iran war or higher corn prices, but a paradigm shift that happened 18 months ago.
Jerry Gulke, president of the Gulke Group, says while many analysts are pointing to the rally in crude oil and the war in Iran as the reason for the strong grain performance, he thinks the breakout was brewing long before that.
“We’re on a one-way street,” says Kenneth Graves. “I don’t want to just go along and pretend.”