Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
One of the main ingredients for the competitiveness of ag products is the currency relationship between the seller and the buyer.
December corn prices were up 7.5¢ and November soybean prices were down 15.25¢ for the week ending Oct. 16. December wheat prices were up 33¢.
The October USDA reports delivered a few surprises and price gifts. December corn prices were up 15.25¢ and November soybean prices were up 45¢ for the week ending Oct. 9.
Corn and soybean prices normally dive during harvest. This year, that’s not been the case.
The marketplace appears to be buying time until more information on wheat quality and corn replanting is available, says Jerry Gulke, president of the Gulke Group.