Marketing & Outlook
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Corn Prices: Farmer Holding and the Coronavirus
Old crop corn basis and futures spreads continue to signal a smaller crop scenario than the price levels in the futures market suggest. Futures price levels reflect the uncertainty associated with the coronavirus and the potential weaker growth its continuation…
Corn Prices: Farmer Holding and the Coronavirus
Old crop corn basis and futures spreads continue to signal a smaller crop scenario than the price levels in the futures market suggest. Futures price levels reflect the uncertainty associated with the coronavirus and the potential weaker growth its continuation…
Corn Consumption Showing Improvement
Uncertainties regarding the potential trade deal and coronavirus outbreak remain as negative forces for commodity markets. Corn prices came through the difficulty relatively well over the last couple of weeks. March corn futures prices continue to bounce around in a…
2020 Cattle Inventory—Herd Expansion Comes to an End
The U.S. beef cattle herd is known to cycle through periods of expansion and contraction roughly every 10 years or so. The high feed price era from 2007 to 2013 contributed to one of those contraction phases with beef cow…
Soybeans Need Good News
Soybean futures prices fell again last week on reports of a coronavirus outbreak rattling the Chinese economy and the prospects of a huge Brazilian crop. A double hit associated with increased production from our main competitor and a potential drop…
Biodiesel Production Profits in 2019
The U.S. biodiesel industry continued to face strong headwinds in 2019 due to the demand destruction wreaked by small refinery exemptions (SREs). For example, in a previous farmdoc daily article (March 14, 2019) it was estimated that SREs reduced biomass-based…
2019 Ethanol Production Profits: Just How Bad Was It?
The U.S. ethanol industry faced major headwinds in 2019, including low ethanol and dried distillers grain (DDGS) prices and continued policy setbacks in the implementation of the RFS. There was some good news with the granting of a year-round RVP…
Has Ethanol Increased Total US Corn Use?
Corn processed into US ethanol has grown dramatically, and accounted for 37% of total US corn use during the 2018 market year (USDA (US Department of Agriculture), Office of the Chief Economist, November 2019). A related, but broader issue is,…
Clearing the Logjam on the RFS and SREs: A Simple Proposal
Implementation of the Renewable Fuel Standard (RFS) in the U.S. has been controversial from the start. The latest controversy revolves around a seemingly obscure provision of the RFS that allows small refineries to be exempted from mandated volume requirements. The…
Law and Taxation: A Retrospective of 20 Years
In many respects, the development of law is an evolutionary process, adjusting slowly to the evolving needs and values of society. Certainty and stability with respect to property rights, regulatory programs and the tax structure provide a solid foundation for…
Biofuels Markets and Policy: 20th Anniversary of the farmdoc Project
When the farmdoc project started in 1999 biofuels markets and policy were barely on the radar screen. However, production and use of biofuels in the U.S. grew very rapidly starting around 2005 due to a combination of factors. Two factors…
Marketing & Outlook Data
Illinois Regional Basis Data – Soybeans
Illinois Regional Basis Data – Corn
Selected Market Data – Corn
Selected Market Data – Soybeans
US Average Farm Price Received Database
lllinois Average Farm Price Received Database
Agricultural Supply and Demand Database
Marketing & Outlook Reports
The Marketing and Outlook Research Reports (MORR) were published between 2008 and 2014. The reports are archived for interested researchers and public use.
The Marketing and Outlook Briefs (MOBR) were published between 2007 and 2011. The articles are archived for interested researchers and public use.
The AgMAS Reports were published between 1997 and 2012. The reports are archived for interested researchers and public use.