Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
USDA’s Nov. 8 Crop Production and World Agricultural Supply and Demand Estimates (WASDE) didn’t improve prices.
Every story has a beginning and an ending. The soybean story began in August 2020 after two years of a sideways base-building affair.
On Tuesday, Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates. Gulke Group’s Jamie Wasemiller will be watching several factors in that round of report.
The questions of if fundamentals really matter anymore have surfaced recently. A look at price discovery for HRSW gives some insight.
“We are fast running out of gas,” says Jerry Gulke. “If we miss these rains, North Dakota and South Dakota probably deteriorates—North Dakota more so. I will be interested to see what Pro Farmer sees.”
The market seems to have learned from history, and we might witness a repeat.
The Acreage report lit up the grain markets last week, with USDA calling for lower corn and soybean total acres in 2021. Unfortunately, those market fireworks have fizzled.
For the week of May 17, corn was higher and soybeans were down hard along with wheat, meal, canola and soy oil. There has been good opportunities to sell cash and avoid the futures exposure.
May corn prices were up 17.25¢ and May soybean prices were up 0.5¢, for the week ending April 9. May wheat prices were up 28¢.
Global supply and demand are more important than ever. Accurate information is difficult to find, whether it be from NASS or China.
May corn prices were up 6.5¢ and May soybean prices were up 25¢ for the week ending Feb. 26. March wheat prices were up 3.5¢.
Unprecedented U.S. weather conditions, export numbers and USDA’s Ag Outlook Forum all weighed on prices this week, says Jamie Wasemiller, market analyst with Gulke Group.
A challenging growing season in the U.S. and a turnaround in Chinese demand facilitated a black swan event to change the soybean outlook.
Grain markets have a history of changing direction around a holiday. They sure did after Thanksgiving.
Rarely do we producers have the luxury of making planting decisions based on profit potential—regardless of planting choices.
USDA’s end-of-March Prospective Plantings report always brings a few surprises. This year will likely be the same.
Everything ended the week down hard as traders took a risk-off attitude toward market positions. Part of the reason was the dollar’s rally, which made even French corn competitive for importers.
The Prospective Plantings report, combined with the quarterly Grain Stocks report showed the U.S. has too much of everything, says Jerry Gulke, president of the Gulke Group.
The corn and soybean markets broke out of previous trading ranges this week. How long will the strength last? Jerry Gulke provides his take.
Spring wheat production rose 12 million bushels, shocking the marketplace and sending prices lower, says Jerry Gulke of the Gulke Group.
For a crop with the biggest carryover relative to use, wheat has showed a lot of life recently.
As is so often the case, technical action (price changes) can predict fundamental changes in price direction market, and often does sometimes weeks in advance.
Due to the holiday season, export sales were delayed and the significant number of cancellations were concerning, says Jamie Wasemiller of the Gulke Group.
Jerry Gulke, president of the Gulke Group and Farm Journal’s Pam Fretwell discussed the events that helped the market to recover such as in the case for soybeans, a positive close for the week after a poor start.
What are you thankful for this Thanksgiving? “I’m thankful for being involved in agriculture,” says Jerry Gulke, president of the Gulke Group. Listen to the full report now and hear what all Jerry Gulke is really thankful for. It’s something all farmers can relate to and appreciate.
As Farm Journal’s Pam Fretwell and Jerry Gulke, president of the Gulke Group, go over this year’s markets, they also look ahead to some surprises that may come into being in early 2018.
The Dec. 12 WASDE report helped corn by raising ethanol usage by 50 million bushel, which reduced ending stocks—good news according to Jerry Gulke as he spoke to Host Pam Fretwell on Farm Journal Radio.
With corn, wheat, and soybean prices all significantly higher than their October lows, Jerry Gulke says farmers should enjoy the market’s Christmas gift--and prepare for a blockbuster USDA report in January.
With the holiday trading season soon to begin, it’s probably time for farmers to sit tight in terms of grain selling until the new year begins.
With this year looking like the perfect recipe for high yields, the downward pressure on prices is strong, says market expert Jerry Gulke.