Closing Market Report

ifr151120–149 Corn Seed Costs from 1995 to 2014 Gary Schnitkey, Agricultural Economist - University of Illinois Downloads The price of seed corn has gone up a lot over the years. Not as much as the price of farmland, but as Todd Gleason reports, it is no distant second. 2:53 radio 3:03 radio self contained Over the eight years from 2006 to 2014 the per acre cost of seed corn increased 164 percent. The really big increases came in the first four years, ’06, ’07, ’08, and ’09…which happens to correspond with the primary the build out of the ethanol industry in the United States. Gary Schnitkey thought these numbers, pulled from the state’s aggregated FBFM - that stands for Farm Business Farm Management - record keeping service were pretty interesting. So, he decided to look at the increase and think about the seed corn industry. Schnitkey :40 …we’ve had some pretty large increase since then. Quote Summary - It’...

ifr151106–146 Four Step Weed Control Plan for 2016 Aaron Hager, Weed Scientist - University of Illinois VOICER Farmers battling herbicide resistant weeds are running out of control options. University of Illinois Extension Weed Scientist Aaron Hager has this four step recommendation. Really a good four step plan for weed control… 2:00 radio & tv …very significant challenges later in the growing season. Aaron Hager is an Extension Weed Scientist at the University of Illinois. You may read detailed information of his four step weed control plan online. Search for “bulletin” and “University of Illinois”. SoundCloud Embed YouTube Embed

ifr151106–145 Sideways Price Pattern to Continue for Corn Darrel Good, Agricultural Economist - University of Illinois The price of corn has been choppy, but trading sideways. Todd Gleason reports it is a trend likely to continue for sometime. USDA’s forecast of this year’s corn crop has… 1:48 radio 1:59 radio self contained USDA’s forecast of this year’s corn crop has been very stable since it was first made. It started at 168.8 bushels to the acre in August, dropped to 167 and half in September, and then rebounded to 168 last month. The total production forecast declined by only 131 million bushels, slightly less than one percent, from August to October. In addition, the USDA estimate of September 1 stocks of old crop corn came in almost exactly as expected. New yield and production forecasts will be released on November 10. Changes from the October forecasts are expected to be modest says Darrel Good. So, there’s not been much hap...