Weekend Market Report
Stay updated on grain markets with AgWeb’s Weekend Market Report by Jerry Gulke, president of the Gulke Group.
Many traders have set their eyes on $15 soybeans for next week; however, this may be difficult if rain reaches Argentina.
Although, the more immediate concern is a breakout to the downside that may begin based on outside influences
USDA hacked estimate corn yields this week. Jerry Gulke explains what that means for prices this year and beyond.
Hold on to your hat. Corn and soybean prices reached all-time highs this week and could go even higher. Jerry Gulke explains.
Hot, dry forecasts are causing alarm in the grain markets. Will the upcoming weather singe the early-planted crops? Jerry Gulke discusses.
Look for corn to continue to gain on wheat over the next several weeks.
The next 30 days should hold excellent opportunity to sweep out some old crop inventory and advance sales for this summer’s crop.
This week’s reports removed the focus on tight supplies and sent prices lower. Weather trouble here or abroad could still move prices back up.
Even though the May corn contract closed down 13 cents/bu. Friday, the price is still nearly a dollar higher than it was just 10 trading days ago, says Jerry Gulke, president of the Gulke Group.
Bull spreads in the corn market got too wide this week, says Jerry Gulke.
The grain markets were in a tug of war this week between declining yield ideas in corn and late week economic concerns.
Following Thursday’s USDA reports, the market was full of action. Jerry Gulke says Friday was a wild trading day and that farmers are feeling the lure of $8 corn.
Corn, soybeans and wheat prices dropped like a rock this week, capped off by a WASDE report with no positive news.
In light of low prices, producers might be best served by using existing bins or building new ones for corn, capturing local basis and turning storage into a cash cow in 2018, says Jerry Gulke of the Gulke Group.
The corn and wheat markets saw a weaker trade for the week as May corn closed nearly $.30 lower, while the wheat market slipped $.15 lower.
Corn prices jumped Friday on rumors that China had taken advantage of a recent price break to secure U.S. corn.
December 12 Corn closed .38 ¾ lower for the week with little explanation.
As harvest is winding down, it is important to have a plan in place to take advantage of any post-harvest rally conditions.
A positive USDA report sent grain prices higher this week.
After the drubbing last week, markets recovered sharply off retracements, especially soybeans and corn, which held their upward trendline, in place since August.
The trend in grain prices has shifted – at least for now. December corn prices were down 21¢ and November soybean prices were down 12.75¢ for the week ending Oct. 30.
One of the main ingredients for the competitiveness of ag products is the currency relationship between the seller and the buyer.
December corn prices were up 7.5¢ and November soybean prices were down 15.25¢ for the week ending Oct. 16. December wheat prices were up 33¢.
The October USDA reports delivered a few surprises and price gifts. December corn prices were up 15.25¢ and November soybean prices were up 45¢ for the week ending Oct. 9.
Corn and soybean prices normally dive during harvest. This year, that’s not been the case.
The marketplace appears to be buying time until more information on wheat quality and corn replanting is available, says Jerry Gulke, president of the Gulke Group.