Latest in Marketing & Outlook
Seasonal Price Rally in Soybeans
Typically, November soybean futures prices see a bit of a rally in June. Hopes grew recently for a similar rally this year. The potential for any such price movement rests on the 2020 crop and export prospects.
Seasonal Price Rally in Soybeans
Typically, November soybean futures prices see a bit of a rally in June. Hopes grew recently for a similar rally this year. The potential for any such price movement rests on the 2020 crop and export prospects.
Corn Prices Range-Bound or Down?
July corn futures prices hovered between $3.15 and $3.25 since late April. Corn prices continue to stay within a relatively narrow range and that pattern may remain for the next several weeks. The potential for prices to move out of…
Soybean Demand Remains Uncertain
The USDA released the first projections for U.S. corn and soybean supply and demand in the 2020-21 marketing year on May 12. The forecasts for soybeans showed higher ending stocks this marketing year with a substantial decrease in the next…
WASDE Report Set to Frame Corn Expectations
Corn prices came off recent lows last week on glimmers of hope that the worst of the coronavirus impacts on corn use may have passed. Uncertainty around the pace of economic recovery prompts a significant disparity between corn price outcomes…
Tariff Revival and Soybean Exports
Recent soybean price weakness reflects the new tariff threats against China that emerged as an option for retaliation against Chinese behavior regarding the coronavirus. A collapse of the phase one trade deal looks politically feasible this year. If the U.S.…
How Bad Will Ethanol Demand Destruction Get?
Recent ethanol plant closures and production slowdowns open up the possibility of demand destruction in corn used for ethanol beyond current projections. Some of the latest predictions saw very dire consequences with upwards of one billion gallons of lost ethanol…
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
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.