Marketing & Outlook
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Waiting for the Trade Deal
The highly anticipated release of USDA’s crop production and ending stocks reports last Friday created a somewhat negative tone in corn and soybean markets. Despite the slightly bearish tilt, prices for both commodities closed higher on Friday. The pending phase…
2020 Hogs: More Supply, Profitable Prices?
The USDA’s December Hogs and Pigs report indicates that producers continue to expand, with the December 1 inventory of all hogs and pigs coming in at 77.338 million head, a record for this quarter and up 3 percent from a…
December 1 Corn Stocks
Recent announcements on the completion of a phase one trade deal show promise for stronger corn prices in 2020 despite limited details on the actual outlines of the agreement. While we wait on the information associated with the trade agreement,…
Soybean Price Prospects Moving into 2020
The two major drivers of uncertainty impacting soybean prices in 2019 appear set to carry over into 2020. The status of trade negotiations with China continues to move soybean markets despite numerous fits and starts in the process. Another USDA…
Corn Demand Showing Some Recovery
After a dismal performance in September and October, corn demand showed signs of life in November. Ethanol production and export sales picked up the pace over the last few weeks. Expanded placements and higher weights in the livestock sector point…
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…
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…
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.
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.