Dear farmdoc daily subscriber,
I want to update you regarding an important development. Todd Hubbs is leaving the University of Illinois for a senior outlook position with the ERS of the USDA. We deeply appreciate all of the contributions that Todd has made to the farmdoc program the last four years. He will be truly missed. The good news is that Todd will still be very much involved in grain price outlook work. We wish him all the best in his new position.
Unfortunately, with Todd’s departure we have no choice but to suspend publication of the weekly grain price outlook on farmdoc daily. We will still publish hog and cattle price outlook articles by Jason Franken of Western Illinois University once or twice a quarter.
The Monday weekly grain price outlook will be suspended until a replacement for Todd Hubbs is found. We do not have any information on how long this will take, as hiring at the University of Illinois is currently frozen for nearly all positions.
Please let me know if you have any questions.
Scott Irwin
farmdoc team leader
Latest in Marketing & Outlook
WASDE Recap: Acreage Surprise Boosts Old-Crop Prices
The US Department of Agriculture released its latest World Agricultural Supply and Demand Estimates, or WASDE on Thursday, January 12. The January WASDE report is released concurrent with information on…
WASDE Recap: Looking Outward, Inward, and Backward to Go Forward
The USDA released its latest World Agricultural Supply and Demand Estimates, or WASDE on Friday, December 9. This report did little to adjust the market’s frame of reference for agricultural…
Tempered Expectations for 2022/23 Supply and Demand for Corn and Soybeans
Following the 2022 US harvest, corn and soybean prices remain at historically high levels. Nearby futures prices at the close of trade on November 28 are $6.69/bushel for corn and…
WASDE Recap: No News is Just No News
On Wednesday, November 9, the USDA released its latest World Agricultural Supply and Demand Estimates, or WASDE. The WASDE report provides an updated point of reference for agricultural commodity price…
WASDE Recap: Corn and Soybeans at a Turning Point
On Wednesday, October 12, the USDA released its latest World Agricultural Supply and Demand Estimates, or WASDE. The WASDE report provides an updated point of reference for agricultural commodity price…
WASDE Recap: Production News Rules the Day
On Monday, September 12, the USDA released its latest World Agricultural Supply and Demand Estimates, or WASDE. The WASDE report provides an updated point of reference for agricultural commodity price…
A Solid Year for Ethanol Production Profits in 2022
The U.S. ethanol industry entered 2022 on a high, with weekly profits just missing a new all-time high in November 2021. Like all other facets of the commodity business, the…
Further Perspective on Trends in the Operational Efficiency of the U.S. Ethanol Industry
A recent farmdoc daily article (March 1, 2023) examined trends in the operational efficiency of the U.S. ethanol industry. The analysis in the article uncovered tradeoffs in operational efficiency over…
Trends in the Operational Efficiency of the U.S. Ethanol Industry: 2022 Update
The operational efficiency of any industry is key to long-term profitability, no less so for the U.S. ethanol industry. Fortunately, the USDA began publishing the Grain Crushings and Co-Products Production…
2021 Was a Devastating Year for Biodiesel Production Profits
Despite the effects of the COVID pandemic and associated severe economic contraction, biodiesel plants basically broke even in 2020 (farmdoc daily, February 3, 2021). However, storm clouds were gathering as…
Ethanol Production Profits in 2021: What a Ride!
As the U.S. ethanol industry entered 2021, it faced the lingering effects of the COVID pandemic, struggling to maintain a small net profit earned in 2020, which was further threatened…
Trends in the Operational Efficiency of the U.S. Ethanol Industry: 2021 Update
The operational efficiency of any industry is key to long-term profitability, no less so for the U.S. ethanol industry. Surprisingly little information is available in the public domain on this…
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.