Markets - General
The price action in corn was impressive to Jerry Gulke, president of the Gulke Group, in part because it came during the gut slot of harvest when farmers are gathering a predicted record crop.
Market on the Move: Ag Markets Chop Around & Metal Markets Continue to Surge Higher Ft. Oliver Sloup
Oliver Sloup is on Markets on the Move as ag markets chop around and metal markets continue to surge higher. Tune in!
With the loss of Chinese demand, U.S. ag is searching for its next “shining star.” Researchers at Iowa State may have found it for soybeans: the road beneath your feet and the refineries needed to fuel your truck or car.
On Markets on the Move, Oliver Sloup recaps the action: metal and cattle markets continued higher, while corn futures continued to drift lower. These are the levels to watch. Tune in!
Grain markets have been choppy to start the week, with corn futures threatening a bigger technical correction.
Jerry Gulke, president of the Gulke Group, says the trade news was a game changer for the market. After calling an early low in corn and soybeans, he says Friday’s news and trade action has changed his opinion and he has turned bearish.
Basis levels improved this week, with some analysts saying it could have been from China buying, even if the government shutdown means no daily export sales data can offer proof. But one analyst says there is a bullish case for corn, especially considering global stocks of corn relative to use, are the tightest since the 2012 drought.
Matt Splitter says he has harvested more corn in the past 10 days than he did during the last two seasons combined. But he says two straight years of drought and high input costs could keep him and other farmers in the state from reaching financial wholeness.
Find out how the busy farm equipment auction season is shaping up so far and why you can expect an uptick in multi-dealer and farm retirement auctions before 2025 comes to a close.
As Jed Bower takes the helm at NCGA, he is working to expand market opportunities in the U.S. and abroad, and looking for practical ways to reduce regulatory burdens on farmers.