Weekend Market Report

Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.

What do we want to see happen next week as we close out 2021? Jerry Gulke, president of the Gulke Group, provides his take.
The market trends that ended 2020 are starting to surface in the last few weeks of 2021. Could prices follow a similar pattern?
A review of where we have been and the impact at this juncture is warranted.
The inflation genie is out of the bottle and might be as difficult to get back in as it was in the 1970s. As Yogi Berra would say, “It’s Déjà vu all over again!” Or is it?
The grain markets have a tendency to shift around Thanksgiving. That could be in the cards this year, says Jerry Gulke, president of the Gulke Group.
USDA’s Nov. 8 Crop Production and World Agricultural Supply and Demand Estimates (WASDE) didn’t improve prices.
Every story has a beginning and an ending. The soybean story began in August 2020 after two years of a sideways base-building affair.
On Tuesday, Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates. Gulke Group’s Jamie Wasemiller will be watching several factors in that round of report.
The questions of if fundamentals really matter anymore have surfaced recently. A look at price discovery for HRSW gives some insight.
“We are fast running out of gas,” says Jerry Gulke. “If we miss these rains, North Dakota and South Dakota probably deteriorates—North Dakota more so. I will be interested to see what Pro Farmer sees.”
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