Markets - General
As the saying goes, a bear only needs to eat once a year and the bull needs to eat every day. This week, grain prices drifted lower.
How will you respond to today’s profit opportunities? First, understand how the changes in market prices impact your operation.
For this week, May corn prices were up 18.25¢ and May soybean prices were up 1.75¢, for the week ending March 19. May wheat prices were down 12¢.
The markets continue to exercise caution ahead of the fourth and final big USDA report this month.
The grain markets posted another active week. May corn prices were up 9¢ and May soybean prices were up 30¢, for the week ending April 16.
Wow. This week saw corn prices top $6 and soybean prices top $15.
Crop condition ratings seemed to be in a free fall in early summer, but July’s rains and cooler temperatures sparked a rebound. The heat this week means crop conditions could be set to take another hit.
The grain markets posted major moves this week. December corn prices were up 45.50¢ and November soybean prices were up 62¢, for the week ending June 4.
Right now, the grain markets are focused on the haves and the have nots. That is those areas that have received rain and those who have not.
The market moves this week give volatility a whole new meaning, says Jerry Gulke, president of the Gulke Group.