Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
After turning bearish last week, Jerry Gulke, president of the Gulke Group, says he watched the markets all rally without a real fundamental reason for the move.
Jerry Gulke, president of the Gulke Group, says there are several factors that indicate to him the chance to rally old crop corn to $5 is over.
Jerry Gulke, president of the Gulke Group, says, “Soybeans have been the surprise and there are several factors that have allowed that market to remain resilient.”
Jerry Gulke, president of the Gulke Group, says the April WASDE confirmed the tighter balance sheets he had been expecting for several reports but that’s just the start of the bullish news.
Jerry Gulke, president of the Gulke Group, says one of the markets that was able to cut through the tariff noise and end higher for the week was corn.
Based on decades of experience, Jerry Gulke, president of the Gulke Group, is bracing for a big surprise in USDA’s Prospective Plantings Report on March 31.
Jerry Gulke, president of the Gulke Group, says while he is short term bearish on corn his longer-term outlook is still bullish.
Jerry Gulke, president of the Gulke Group, says despite the volatility tied to tariffs, the corn and soybean markets closed only slightly lower for the week and Gulke was impressed at the reset off the lows that produced a hook reversal on the charts.
After several weeks of being bullish on corn, Jerry Gulke, president of the Gulke Group, bought protection against downside risk in the market. What changed his mind? It was signs he saw even before USDA released it’s corn acreage at the Ag Outlook Forum.
Jerry Gulke, president of the Gulke Group, thinks the corn market may just be taking a pause to refresh and he hasn’t changed his bullish stance. “I’m willing to have some patience,” he says.