Marketing & Outlook
Latest in Marketing & Outlook
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.…
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…
Questions about Corn Crop Continue
The USDA’s August crop production forecast delivered a shock to corn markets with much larger production than expected. Market participants continue to question the size of the 2019 corn crop, in particular, harvested acreage and yield come in for much…
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.
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…
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.…
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.