Markets - General
With U.S. soybean harvest at 88% complete, Jerry Gulke, president of the Gulke Group, says the market is sizing up the crop and buyers are trying to lock in their needs.
The latest USDA report, mid-term elections and a collapsing U.S. dollar all impacted the grain markets this week. Jerry Gulke shares his take on what this means going forward.
From growing tensions between Ukraine and Russia to forecasts for hot and dry weather across the Midwest, grain prices have been on a volatile run. Analysts think the volatility could heat up again next week.
December corn ended 22½ cents higher; November soybeans were up 31 cents; with Chicago wheat climbing 36 cents; Kansas City, 31 cents; and Minneapolis, 2 cents. How long with the volatility continue?
Thanksgiving normally marks a change in direction for the grain markets. Jerry Gulke sets the stage for this year’s potential moves.
With corn harvest complete, is your grain sitting unsold in the bin or have you sold it?
On the first trading day of 2022, corn and wheat prices were down. But soybean prices were higher this year. This year all three commodities took a hit on the first trading day.
I believe the top lesson from the 2022 crop year is farmers need to put aside the market hype and look to sell grain on rallies, or at least protect high prices with put options.
The Fed being hellbent on fighting inflation will temper grain commodity prices in the year ahead.
Be careful to match cost exposures to revenue opportunities and not squeeze margins when one moves the wrong way. Remember: Things change quickly, so remain flexible.