Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
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.”
After trending lower for several weeks, the grain markets have rebounded—at least for now. So, did the markets find their bottom?
As the grain markets stay focused on weather, Jerry Gulke says a crop scare may be needed to send prices back up. He provides his take.
Corn and soybean prices have been on a steady and steep decline since early summer. Will these lower prices attract more demand? Jerry Gulke shares his thoughts.
Harvest still a few months away, but could the harvest price lows already be in? Jerry Gulke, president of Gulke Group, provides his take.