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.
Get Ready, Volatility in the Commodity Markets is Just Getting Started
After a strong start to the week, corn and soybean prices trended lower. And as farmers look to get this year’s crop in the ground, analysts want farmers to keep an eye on marketing opportunities during their busiest time of year.
Time Grain Sales To Spring Rallies: The Outlook for Corn, Soybeans and Wheat
With the USDA Prospective Plantings and quarterly Grains Stocks reports in the rearview mirror, the market will now focus on weather for the planting season. Corn and soybeans have a seasonal tendency to rally from the reports into summer.
If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall.
If Corn Acres Are Reduced It Does Not Automatically Lead To More Bean Acres
The USDA's stocks report confirmed what was already suspected, there is less corn in storage now compared to last year. This should mean downside in old crop corn prices is limited, and U.S. corn exports will be watched closely over the next three months.
