Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
Jerry Gulke provides his take on the market reactions to the G-20 meeting with China.
With the recent volatility and rhetoric affecting the markets, Jerry Gulke, president of the Gulke Group, picks up his column right where he left off.
USDA’s end-of-March Prospective Plantings report always brings a few surprises. This year will likely be the same.
The long corn/short bean spreaders were caught again leaning the wrong way and the exit door wasn’t big enough to let long corn folks out quick enough.
There are high odds the harvest lows for grain prices were made in July, yet the seasonals suggest otherwise.
In a relatively short time, corn and soybean prices have both gained $1 per bushel. This creates a decision-making opportunity.
With the price premiums for war, trade distortion, demand destruction and weather fully discounted in the July price collapse, it suggests the stars are still aligned for more fireworks.
With grain markets still at high levels, Jerry Gulke says you have to ask if the market is reflecting reality or if it sees something coming in the future.
Grain markets moved higher this week. July corn was up 46¢ and December corn was up nearly 31¢. July soybeans were up just over 48¢ while November soybeans were up 40¢. All wheat prices were up as well.
The week started out in a downward trend but ended on a high note due to continued planting delays and lower USDA crop projections.
Slow planting, inflation, next week’s USDA reports and more are impacting the markets. Jerry Gulke shares his outlook.
From planting delays to governmental influence, the grain markets are being impacted by a plethora of factors.
Price discovery suggests price will go high enough until demand is curbed sufficiently so we will not run out of stocks, but someone(s) might have to use less.
This week corn prices topped $8 per bushel and soybean prices topped $17 per bushel. With slow planting progress, these prices could be trying to attract or commit acres to certain crops.
The grain markets posted another healthy week of higher prices. But are these prices getting too high?
The March 31 reports from USDA provided the markets with a few surprises. Did they reset the tone for prices moving forward?
Corn prices are above $7.50 per bushel and soybean prices are near or above $16 per bushel. As prices stay elevated, will demand diminish? Time will tell, says Jerry Gulke, president of the Gulke Group.
Price rationing could last at least 15 months, or until the 2023 South American soybean crop is seen as a record.
The world changed quickly over the last days, requiring a reassessment and perhaps “reset” in thinking.
“Exciting times I think are not behind us yet,” says Jerry Gulke, president of the Gulke Group. “Price volatility is going to be extreme from one week to another.”
Last year, prices rallied from January to May, and a repeat certainly is in the cards.
Dry weather in South America, a brewing U.S. acreage battle and global unrest all took grain prices higher for the week.
For the third week of January, the grain markets featured some explosive prices.
After starting 2022 off on the positive side, the grain markets were lower the second week of January.
At best, the CME wheat futures gave a shot over the bow, showing just how quickly market sentiment can change.
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.