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 says at the same time the latest CFTC Commitment of Traders report showed the large speculator adding to their net long positions in corn and soybeans and have been extending that position since the week of July 6.
Jerry Gulke president of The Gulke Group says it isn’t surprising to see profit taking in the soybeans with the funds holding a near record long position.
Jerry Gulke, president of the Gulke Group, has been fielding questions from farmers wanting to know how long the explosive rally could last and how high prices could run?
Jerry Gulke, president of The Gulke Group says he thinks it is too early to call a top in the grain markets.
Jerry Gulke, president of the Gulke Group, says in a bull market it can be difficult to know whether to hold or sell because it can get volatile and emotional.
For Jerry Gulke, president of the Gulke Group, the action further confirmed the grain futures forged significant lows on June 30.
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?