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 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.”
A friendly WASDE report, combined with other factors, helped grain prices jump. This put added pressure on the spring acreage mix.
The stock market is facing losses not seen in two decades. Meanwhile the grain markets continue to find strength. Jerry Gulke shares perspective on what farmers should understand.
Soybeans have been knocking on the door of higher prices, says Jerry Gulke, president of the Gulke Group. What will could them higher?
The grain markets featured lower prices this week. Corn prices were down 40¢ to 50¢, for the week ending June 3, and soybean prices were down 16¢ to 34¢. All wheat prices were down $1 for the week.
Last week we asked: Are ag commodities due for a reset? This week’s market moves show the answer. Now, the question is: Where is the bottom? Jerry Gulke weighs in.
“We are certainly seeing a different tone than what we saw in the first six months of the year,” says Jerry Gulke. “What we seem to be seeing now is demand destruction versus demand reduction.”