Latest in Marketing & Outlook
Corn and Soybean Acreage in 2020
The planting season begins another year under considerable uncertainty. While trade issues remain, the continued spread of the coronavirus and the ensuing market collapse complicates an already difficult decision. Projections from many market observers indicate increases in corn and soybean…
Corn and Soybean Acreage in 2020
The planting season begins another year under considerable uncertainty. While trade issues remain, the continued spread of the coronavirus and the ensuing market collapse complicates an already difficult decision. Projections from many market observers indicate increases in corn and soybean…
Corn Demand over the Near Term
The sharp price drops across equity and commodity markets over recent trading sessions indicate investors foresee a drop off in economic activity over the near term. Only the duration and severity of the economic contraction remain uncertain. A severe contraction…
The Pace of Soybean Use
USDA’s soybean ending stocks forecast of 425 million bushels for the marketing year may show little if any change in the upcoming WASDE report. Despite the recent strength in soybean crush, the current focus is squarely on the impacts of…
Corn Used for Ethanol Update
On March 2, the latest USDA Grain Crushing report provides an estimate of corn used for ethanol production in January. In the February WASDE report, the USDA raised corn used for ethanol production by 50 million bushels, to 5.425 billion…
Corn Prices: Farmer Holding and the Coronavirus
Old crop corn basis and futures spreads continue to signal a smaller crop scenario than the price levels in the futures market suggest. Futures price levels reflect the uncertainty associated with the coronavirus and the potential weaker growth its continuation…
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,…
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…
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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