Articles tagged under: Jacob Burks
Competing for Acres
Published March 5, 2021
Every year, market analysts talk about the need for one commodity or another to buy acres going into spring planting. What makes this year different is the number of commodities that need to compete for acres. "This year, the acreage…Grain Prices Need to Increase Enough to Ration Demand
Published November 10, 2020
Grain prices will need to climb high enough to ration demand. "The $12 number in the soybeans is being talked about a lot right now," said Jacob Burks, market analyst, Kluis Commodities. "For the corn, $4.50 is being discussed. The…Traders Prepare for November Supply/Demand Report
Published November 8, 2020
Kluis Commodities market analyst Jacob Burks will closely monitor demand in this week's USDA Supply and Demand Report. "Exports, feed and ethanol are all important." The trade is also expecting the USDA to begin ratcheting down yields. "Yield isn't always…China Needs Soybeans
Published September 28, 2020
The soybean market continues to find strength on good demand and ideas of short global supplies. Kluis Commodities hedge consultant Jacob Burks expects demand to continue until the next South American crop is harvested next February. "China's buying right now…Poor Ethanol Margins Continue
Published April 14, 2020
Ethanol margins remain extremely poor with Reformulated Gasoline Blendstock for Oxygen Blending gasoline prices continuing to trade at a discount to ethanol prices. Kluis Commodities market analyst Jacob Burks says the ethanol market has been severely scarred. "There are still…Livestock Markets Continue to Struggle
Published April 3, 2020
The livestock markets continue to struggle. Kluis Commodities market analyst Jacob Burks said the struggle will continue until demand picks up. "It's a very unfortunate pattern, but we could see the writing on the wall. The restaurant business and food…Coronavirus Fears Measured in Market Volatility
Published February 24, 2020
The coronavirus expansion in and outside of China continues to impact the markets. Kluis Commodities hedge consultant Jacob Burks says coronavirus is the only story in all of the commodities right now. “When fear hits the market, it’s measured in…Stronger Milk Prices Provide Hedging Opportunities
Published November 6, 2019
November Class III Milk futures have move above $20 per hundredweight. Kluis Commodities market analyst Jacob Burks sees that $20-plus price as a psychological level for dairy producers. "This has been too little, too late for some of these dairies,"…