Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
Will it rain or not? That’s the key question for this weekend. Jerry Gulke weighs in on what’s in store with this volatile weather market.
The grain markets sparked back to life this week. Could the trend continue for corn and soybean prices? Jerry Gulke provides his take.
“This is the first boots-on-the-ground assessment and that ought to be revealing,” says Jerry Gulke.
Gulke expects USDA to drop the national average corn yield to 172.5 per acre and leave the soybean yield unchanged. The key, he says, will be what USDA does with its demand estimates.
The September USDA reports provided some shock and awe, especially for soybeans. December corn prices were down 6¢ and November soybean prices were up 36¢ for the week ending Sept. 9.
December corn ended 22½ cents higher; November soybeans were up 31 cents; with Chicago wheat climbing 36 cents; Kansas City, 31 cents; and Minneapolis, 2 cents. How long with the volatility continue?
Thanksgiving normally marks a change in direction for the grain markets. Jerry Gulke sets the stage for this year’s potential moves.
If you have unpriced old-crop corn, you’re not alone. Jerry Gulke provides his tips for post-harvest grain marketing and how to approach your 2023 plan.
The grain markets this week had trading ranges typical of a daily range a few months past. They appear to be calming down ahead of USDA’s February reports and USDA’s Ag Outlook Forum, says Jerry Gulke.
“There’s a place that you put on risk and there’s a place that you take it off. So, we decided to take some money off and put in the bank,” says Jerry Gulke, president of Gulke Group.