Weekend Market Report

update

With South America getting much needed moisture and the market currently looking at more grain supply than demand, pressure continues to weigh on the grains market and soy complex, says Jerry Gulke, president of the Gulke Group.

Farmers are holding onto new-crop corn and soybeans in hopes of a post-harvest rally, but it could come back to haunt them.

There is a distinct possibility that we have entered a new “cold tariff-war” that lingers for perhaps years?

If the upturn in corn and soybeans this week felt familiar—you’re right. Corn and soybean prices reacted exactly like they did one year ago, by moving higher at the end of August.