Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
Contrary to last week, corn, soybean and wheat prices all found their footings and closed higher.
Grain prices saw improvement this week. December corn prices were up 10.25¢, for the week ending Sept. 17.
“In spite of some global economic headwinds and an open harvest week, the grain markets seem unphased,” says Jerry Gulke, president of the Gulke Group.
The markets reacted negatively to the Oct. 12 USDA reports. But prices regained some of their losses.
October is ending on a high note for the corn and soybean markets.
The grain markets were lower this week, ahead of next week’s USDA reports.
The grain markets reacted to this month’s Crop Production and World Agricultural Supply and Demand Estimates reports completely differently than the last several months.
“The wheat market didn’t take the WASDE report well,” says Jerry Gulke of the Gulke Group. “Of course, it has started this downtrend before the crop report—it had dropped a dollar in about three or four days.”
As December comes to a close, the grain markets are offering a few gifts. March corn prices were up 3.25¢ and new-crop December corn prices were down 4.5¢, for the week ending Dec. 17.
2022 started off with a bang in the corn and soybean markets.
The grain markets posted another round of strong prices. Corn, soybeans and wheat prices were all up 30¢ or more. Could 2022 repeat the appreciating prices posted in 2021?
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.”
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.
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.