Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
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.
The situation in the grain markets this spring looks much different than a year ago, says Jerry Gulke, president of Gulke Group. Unfortunately, the picture is not as price positive for the 2023 crops.
The grain markets are focused on planting progress — or the lack thereof. Jerry Gulke says the markets are building in weather premium as progress could see delays periodically especially in northern areas.
Sometimes it isn’t a matter of what direction prices are headed but where they are not headed. USDA has shaved demand, especially in corn. The long-term outlook might show corn prices have lower targets yet to come.
Technically speaking the price action of Chicago, Kansas City and Minneapolis wheat varieties are signaling a change is coming — one that might not be recognized until the price ship has sailed.
The value of capital assets and cash flow were concerns in 2008 — just as they are today. The evolution of dealing with inflation has yet to impact ag directly, but history shows a wake-up call is in process.
Following the bearish report on Wednesday, grain markets closed higher for the week, which, according to Jerry Gulke, signals the market might believe there is more downside to yield.
USDA’s June Acreage and Quarterly Stocks reports resulted in a bullish surprise for soybeans and bearish news for corn. In an already volatile grain market, the supply situation is problematic.
Corn and soybeans are in a full-blown weather rally. After a sharply higher week, what should farmers watch for to decide when to market their crops?
After a volatile week, Jerry Gulke was encouraged corn and soybeans closed higher Friday and near session highs. That tells him the weather market, which is still in its early stages, hasn’t run out of steam.
Jerry Gulke, president of the Gulke Group, says the rally was both a weather and a technical recovery. The key is how long will the rally last and how should farmers position themselves in the market?
Acid-test ratios shows if you have sufficient short-term assets that can be converted to cash to cover short-term liabilities.
A bearish reset of the corn and soybean markets is underway as they transition from tight drought-stricken old crop supplies to record production levels in 2023-24.
Grain markets collapsed this past week, posting lower weekly closes on massive fund selling. Jerry Gulke says it’s the start of a major reset and the realization the U.S. is not competitive as China cancels corn buys.
Grains posted lower weekly closes, erasing all the gains of the previous week and more. Jerry Gulke sheds light on the various factors that caused the slide and what that means for market direction.
USDA’s Prospective Plantings and Quarterly Grain Stocks reports tend to produce big price moves, and this year was no different. Jerry Gulke provides his analysis of the important data.
Given the collapse in the grain markets, will USDA’s report on March 31 matter this year? Jerry Gulke provides his insights.
The financial industry was hit with a black swan due to the shuttering of two high-profile banks. This has implications for ag markets and lessons for farmers, says Jerry Gulke of Gulke Group.
The acreage numbers were not too surprising, says Jerry Gulke, president of Gulke Group. What held a bigger punch was the demand picture.
The grain markets had a good week, with prices up across the board.
“It’s been a quiet week except for wheat,” says Jerry Gulke, president of Gulke Group. “Wheat has some promise, but we’ll have to see what happens in Ukraine and also with the weather.”
Prices are flat to lower this week, with March corn prices up a penny, and March soybean prices down 21¢ for the week ending Jan. 20. Wheat prices were down a few cents.
The Jan. 12 USDA reports held positive surprises for grain prices. March corn prices were up 20¢, and March soybean prices were up 35¢ for the week ending Jan. 13. Wheat prices were flat to up 11¢.
What will the cash value of money today be worth down the road at 5%, 6% or 7%, especially if made with borrowed money?
It’s still too early to tell the long-term impacts for farmers with EPA’s proposal for renewable fuels, says Jerry Gulke. But the short-term effect was a price drop.
From rate hikes to global recession fears to pathetic exports, many issues softened the grain markets this week. Gulke Group’s Jamie Wasemiller shares his analysis.