Latest in Marketing & Outlook
Weather and the 2020 Illinois Corn and Soybean Crops
What a difference July rainfall makes. The U.S. Drought Map based on data through July 28 showed that only six percent of Illinois was rated as abnormally dry or with moderate drought, down from nearly 19 percent two weeks earlier.…
Soybean Crop Potential Tempering Demand News
Soybean prices seem likely to vacillate between news on crop conditions and more robust demand prospects over the near term. USDA’s Crop Production report, due out August 12, holds the potential to be an inflection point if the 2020 soybean…
Few Surprises in USDA Cattle Reports
The U.S. cattle herd is known to cycle through periods of expansion and contraction roughly every 10 years or so. High feed prices from 2007 through 2013 contributed to one of those contraction phases with beef cow numbers reaching a…
USDA Surprises Drive Corn Prices Higher
The Acreage and Grain Stocks reports, released on June 30, produced some surprises for the corn market. The drop in acreage spurred a rally in corn prices and injected some optimism into the corn outlook moving into the 2020 marketing…
A Bearish Hogs & Pigs Report with Few Bright Spots on the Horizon
Another all-time record hog inventory amidst the COVID-19 pandemic extends further downward pressure on prices. The USDA’s June Hogs and Pigs report places the June 1 inventory of all hogs and pigs at 79.6 million head, up 5.2% from a…
The Competitiveness of Ethanol in E10 Gasoline Blends during the Coronavirus Crisis
The restrictions put in place to “flatten the curve” in the fight against the coronavirus pandemic have had enormous and historically unprecedented impacts on U.S. gasoline consumption. The latest weekly data from the EIA indicates that gasoline use is now…
The Coronavirus and Ethanol Demand Destruction
Extraordinary restrictions have been put in place in an attempt to slow the spread of the coronavirus in the U.S. and many other nations. The restrictions range from shelter-in-place orders to milder social distancing guidelines. The result is a contraction…
EPA and the Small Refinery Exemption Issue in the Renewable Fuel Standard Mandates
Since 2017, the Environmental Protection Agency (EPA) has been generously granting exemptions to small refineries from the renewable fuels mandates on the transportation fuel industry established by Congress under the Renewable Fuels Standard (RFS). This has raised a set of…
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,…
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.
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