Markets - General
Jerry Gulke, president of the Gulke Group, says the grain markets turned this week, not on trade news, but rather on less talked about factors.
This week’s grain market action was anything but quiet (unlike Acreage & Stocks). From shifting momentum in September corn to capital flow signals flashing across the soy complex, we break down the price structure, trends, and relative strength driving the week’s biggest moves. Using top-down analysis and money flow metrics, we identify where conviction is building — and where it’s breaking. Whether you’re trading spreads, managing risk, or just trying to stay ahead of the combine, this is the map you need.
Grain markets were sharply higher in Wednesday’s trade as we approach a long weekend and the risks that come with it.
Hedgers, traders, and analysts are honed in for today’s USDA report, one that has historically come with big moves in the markets.
Jerry Gulke, president of the Gulke Group, says some in the market attributed the recovery to short covering but he thinks a some significant trade developments also played a role, as well as the upcoming USDA reports.
Our daily Grain Express is out, along with a link to our in-depth USDA report preview, breaking down estimates and how they stack up versus years prior, historical price action on report day, and the current market environment.
Equity markets continue to rally while pressure continues to seep into the grain markets. Livestock markets are treading near some inflection points on the chart.
On a more hopeful note, some industry analysts believe the number has reached its peak and will start to move down this summer. Certainly, some trade deals that would open markets for U.S. ag products would help.
Grain markets are sliding lower to start the last full week of trade. Attention turns to next week’s quarterly reports where volatility has been a theme in recent years.
Introducing the Momentum & Money Flow – a series taking a top-down approach to commodity markets to chart the pulse of the futures markets through trend, rotation, and conviction. We’ll answer the “Why” behind capital rotations and macro flow – one chart at a time