The corn market continues its ascent. December corn was up nearly 22¢ for the week ending May 24.
“Wow.” That’s how Jerry Gulke, president of the Gulke Group, describes this week’s action in the corn market.
Jerry Gulke, president of the Gulke Group, says the weather is weighing on the grain markets, as the general consensus for the forecast is good planting weather is ahead.
For the week ending April 12, corn and soybean prices were both just a few cents down. This is despite excessive moisture and snow that’s slowing fieldwork and planting progress.
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.
USDA’s end-of-March Prospective Plantings report always brings a few surprises. This year will likely be the same.