Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
The grain markets were lower this week, ahead of next week’s USDA reports.
The grain markets reacted to this month’s Crop Production and World Agricultural Supply and Demand Estimates reports completely differently than the last several months.
“The wheat market didn’t take the WASDE report well,” says Jerry Gulke of the Gulke Group. “Of course, it has started this downtrend before the crop report—it had dropped a dollar in about three or four days.”
As December comes to a close, the grain markets are offering a few gifts. March corn prices were up 3.25¢ and new-crop December corn prices were down 4.5¢, for the week ending Dec. 17.
2022 started off with a bang in the corn and soybean markets.
The grain markets posted another round of strong prices. Corn, soybeans and wheat prices were all up 30¢ or more. Could 2022 repeat the appreciating prices posted in 2021?
The grain markets continued to show strength this week. But how will continued global uncertainty, a long weekend and USDA’s initial 2022 estimates impact prices?
A week ago, Jerry Gulke discussed how global events could affect agriculture. Now we know.
The grain markets posted some of their largest weekly gains ever this week.
The grain markets are playing a familiar tune—a song of higher prices. “We are truly in uncharted waters,” says Jerry Gulke, president of the Gulke Group. “There are so many things in motion.”