Closing Market Report

ifr160429–099 4-H Robotics Competition @ ILLINOIS Jessica Zarate (age 14), - Tigers Robotics 4-H Club - Aurora, Illinois Caleb Widner (age 12), Power Surge Robotics 4-H Club - Normal, Illinois Ross Schmidgall (age 15), - Power Surge Robotics 4-Club - Normal, Illinois TV Downloads Did you know 4-H, that’s the world’s largest youth organization, is into robots. It is, and so are kids. Todd Gleason has more from an amazing robotics competition held in mid-April on the University of Illinois campus in Champaign, Illinois. How many kids do you think might show up… 1:46 radio 1:58 radio self contained 1:48 tv 2:00 tv cg

ifr160422–089 Soybeans, the Switch is On - TV Darrel Good, Agricultural Economist - University of Illinois Ever since USDA released the Prospective Plantings report March 31st, many have been wondering if farmers will decide to switch a few corn acres to soybeans. The higher price of that crop, as Todd Gleason reports, seems to make this more likely. Farmers told USDA in March they would plant about 82.2… 2:17 tv 2:33 tv cg Farmers told USDA in March they would plant about 82.2 million acres of soybeans this season. This is one percent less than last year, and a million acres or so less than the trade had really expected. Prices have rallied since then and University of Illinois Agricultural Economist Darrel Good thinks that million acres could be back in play, but that it won’t really change much. Good :33 …alter the supply expectation very much. Quote Summary - I tend to think there will be some modest switching given the price reaction we...

ifr160415–084 Irwin & Good Explore El Niño Year USA Yields Scott Irwin, Agricultural Economist - University of Illinois El Niño can have an impact on summer weather in the United States. Work at the University of Illinois points to poorer crop yields the summer following a strong El Niño that begins to fade late in the previous calendar year.

ifr160415–083 Irwin & Good Develop New Price Forecasting Model Scott Irwin, Agricultural Economist - University of Illinois University of Illinois agricultural economists have developed a new price forecasting model for corn and soybeans. Todd Gleason talks with Scott Irwin about the model and how it reflects the “new era” of commodity prices.

ifr160415–082 Nafziger on 2016 Growing Season Emerson Nafziger, Extension Agronomist - University of Illinois Up next Univeristy of Illinois Extension Agronomist talks with Todd Gleason about the amount of nitrogen available to the corn plant during the growing season, how that fertilizer faired over the warm wet winter months, when to plant corn, and if it is ok to plant soybeans earlier than normal.