Marketing & Outlook
Latest in Marketing & Outlook
Corn and Soybeans Move Higher on Supply and Trade
Strong price rallies in both corn and soybeans closed out the week after a mixed reaction on Thursday. Corn prices initially fell due to higher than expected production levels. Severe winter weather over a substantial area of the Corn Belt,…
Corn and Soybeans Move Higher on Supply and Trade
Strong price rallies in both corn and soybeans closed out the week after a mixed reaction on Thursday. Corn prices initially fell due to higher than expected production levels. Severe winter weather over a substantial area of the Corn Belt,…
Corn and Soybean Export Sales Lag Last Year
Export sales this year started slowly, particularly for corn. Recent sales to China buoyed soybean export sales in September. Abundant crops around the world, competitive pricing, and trade issues slowed export sales early this marketing year. At 2.050 billion bushels,…
Prospects for Corn Use in Ethanol
Poor ethanol plant margins, plants idling production, and continued haggling over small refinery exemptions provide the background for ethanol production moving into the 2019-20 marketing year. Corn use for ethanol production during the 2019-20 marketing looks set to recover slightly…
Anticipating September 1 Stocks for Soybeans and Corn
The USDA releases the Quarterly Grain Stocks report on September 30. The report indicates soybean and corn use during the fourth quarter of the 2018-19 marketing year. Soybean stocks may be in line for a move lower while corn stocks…
Have Soybean Prices Put in a Low?
Last week’s price rally in the soybean market relied on the prospects of easing trade tensions with China. The potential for soybean prices to maintain recent momentum depends on developments in trade negotiations and production prospects for both the U.S.…
The Economic Importance of U.S. Animal Agriculture
Diversified grain and livestock farms were once the model of U.S. agriculture. Farms often had crop and animal enterprises to help capture their complementary nature such as spreading the use of family labor throughout the year and recycling animal waste…
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…
Implications of Recent Trends in U.S. Gasoline Consumption for Ethanol
The vast majority of domestic demand for ethanol in the U.S. is in the form of E10 gasoline blends. For example, implied domestic consumption of ethanol in 2018 was 14.4 billion gallons, of which all but a few hundred million…
Revisiting the Value of Ethanol in E10 Gasoline Blends
The contentious debate about the impact of small refinery exemptions (SREs) on the physical demand for ethanol shows no signs of letting up. The ethanol industry continues to argue forcefully that there has been substantial destruction of demand in the…
Biodiesel Production Profitability in 2018: Did Headwinds or Tailwinds Dominate?
The U.S. biodiesel industry faced strong headwinds in 2018 due to the demand destruction wreaked by small refinery exemptions (SREs). A recent farmdoc daily article estimated that SREs reduced biomass-based diesel (biodiesel and renewable diesel) demand by over 700 million…
Marketing & Outlook Data
Illinois Regional Basis Data – Soybeans
Illinois Regional Basis Data – Corn
Selected Market Data – Corn
Selected Market Data – Soybeans
Agricultural Supply and Demand Database
US Average Farm Price Received Database
lllinois Average Farm Price Received 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.