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Saturday, February 20, 2016

Market Simply ‘Buying Time’ While It Waits for USDA, Weather | Agweb.com

Market Simply ‘Buying Time’ While It Waits for USDA, Weather | Agweb.com: With weather still an unknown, planting season just around the corner, and USDA’s annual Agricultural Outlook Forum coming up, the market is waiting to see what happens.

“We’re buying time and going sideways,” said Jerry Gulke, president of the Gulke Group, on Farm Journal Radio with Pam Fretwell.�“I think the market is buying time—it’s not confused.�It just doesn’t see a a big move up (or) a�big move down without a weather event.”