Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
Jerry Gulke says the Middle East conflict bears watching and advises farmers to have their energy and fertilizer supplies in hand should the event turn into another war.
Should farmers store and try to capture the carry and more importantly will that carry be there in the future when it’s time for them to deliver? Jerry Gulke, president of the Gulke Group, is skeptical.
Jerry Gulke, president of the Gulke Group, says the most significant part of the report was the breakdown of who is holding the grain.
The corn market is turning stronger, says Jerry Gulke, while wheat was the first to reset and proceed like everything is normal, even though that’s not the case. When it comes to soybeans, there’s bad news and good news.
On the heels of the September WASDE report, Jerry Gulke details 9 points to help you understand and navigate the troubled waters ahead.
Corn and Soybean Markets Lower for the Week Awaiting Confirmation of Lower Yields in September WASDE
Jerry Gulke thinks the corn and soybean crops are getting smaller, and there’s a good chance for a bullish supply shock in the September WASDE report.
Jerry Gulke thinks USDA will have to lower yields in its next report. He also says he hasn’t seen a late-season weather market like this since 1988.
Row crops post higher weekly closes and could be confirming a short-term low as the market continues to determine yield.
USDA’s dance continues after the agency makes cuts to yields, production and ending stocks in the August reports.
The grain markets had several drivers this week, including daily reports from the Pro Farmer Crop Tour, more big purchases from China and continued uncertainty of the crop damage in Iowa.