Marketing & Outlook
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August USDA Reports
The highly anticipated August Crop Production report contained a larger than expected production forecast for the 2019 U.S. corn crop. Soybean production came in lower on smaller acreage.
August USDA Reports
The highly anticipated August Crop Production report contained a larger than expected production forecast for the 2019 U.S. corn crop. Soybean production came in lower on smaller acreage.
What’s Going on with Corn Prices?
The December futures price of corn fell back to levels not seen since late May in last week’s trading despite substantial uncertainty regarding acreage and yield for the 2019 crop. A mild weather outlook, weak ethanol production, and dwindling corn…
Prospects for Soybean Demand
Uncertainty regarding soybean acreage and yield potential will continue to be significant factors in soybean price movements through harvest. Without a severe crop shortfall, higher soybean prices rely on demand prospects over the next year.
Beef Herd Expansion Near End?
Looking back a decade or so, the high feed price era from 2007 to 2013 caused downsizing of the beef industry. Beef cow numbers reached a low in 2014 which resulted in record high finished cattle prices near $148 per…
Corn Prices Heating Up
Despite the USDA raising 2018-19 marketing year ending stocks for corn in last Thursday’s WASDE report, corn prices moved higher to end the week. December corn futures prices returned to the levels seen before the surprising June Acreage report. Strengthening…
Will Pork Producers Have a Profitable Year?
The pork outlook started this year on a downbeat, then in March and April markets recognized that African swine fever in China could cause global pork shortages and lean futures and industry optimism sailed upward. Summer lean futures exceeded $100,…
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…
Small Refinery Exemptions and Biomass-Based Diesel Demand Destruction
The market impact of small refinery exemptions (SREs) granted under the RFS remains a highly contentious issue. From a regulatory standpoint, there is no doubt that SREs opened a backdoor mechanism for the EPA to reduce the statutorily-mandated RFS volumes.…
2018 Year End RIN Update
Today’s article provides the annual summary update on Renewable Identification Number (RIN) generation in 2018 based on available data from EPA’s EMTS. Previous quarterly updates covered RIN generation through the first three quarters of 2018.
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.