Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
Jerry Gulke, president of the Gulke Group, Gulke thinks the reason the acreage shift could be muted is the uncertainty about decisions this spring.
Funds have liquidated their long position in corn and trimmed their long position in the soybean complex. So how much more downside risk does that leave on price?
Jerry Gulke, president of The Gulke Group, says the speed and magnitude of the correction in the grain markets from the May highs has surprised him.
Jerry Gulke, president of the Gulke Group, says the lower monthly close is especially significant because corn also failed to close above the April high.
Last week Jerry Gulke, president of The Gulke Group, predicted the highs had been made in the grain markets on May 13. After reading the White House fact sheet on the China trade framework, he says he hasn’t changed his mind.
Did this week’s disappointment regarding the China summit top the grain markets for the year?
Jerry Gulke, president of The Gulke Group, says the market is anticipating additional purchases of U.S. soybeans to be announced at the summit, in addition to other agricultural products.
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.