Closing Market Report

ifr190125–016 Backyard Maple Syrup Production Workshop Feb 2 Chris Evans, Extension Forestry & Research Specialist - University of Illinois Register by January 30th https://web.extension.illinois.edu/state/calendar_event.cfm?ID=80344 The fourth annual backyard maple syrup production workshop will be held on Saturday, February 2, 2019 from 10am–3pm at the Dixon Springs Agricultural Center, located at 354 State Highway 145 N, Simpson, IL 62985. This program is free and open to the public. We are offering an expanded program this year! From 10-noon come learn the basics and see firsthand the entire process of backyard maple syrup production. Following a free lunch at noon, we will have maple syrup experts on hand to discuss scaling up production and advanced techniques and demonstrating equipment from 1pm to 3pm. During the morning session, the University of Illinois Extension will provide some activities for kids, including taste testing of real maple syrup! ...

ifr190111–010 Quarterly Grain Stocks Report Projections Todd Hubbs, Agricultural Economist - University of Illinois When the government reopens USDA will update the Grain Stocks report. Todd Gleason explains how this assessment of usage plays into the price of corn and soybeans. 1:58 radio 2:01 radio self-contained The Grain Stocks report is tallied four times per year. For corn and soybeans these are December 1st, March 1st, June 1st, and September 1st. They’re done in this order and correspond to the beginning and the end of the year supplies. The reports always read “As of”. So, for instance, the Grain Stocks report that was supposed to come out this Friday would read as of December 1st. The report, as USDA sees it, is nearly a survey. The agency contacts about 9000 grain elevators, and other storage facilities across the United States to see how many bushels of corn and soybeans are on hand on and off the farm. Then they pretty much make a very wel...

ifr190111–009 January Crop Report Yield Expectations Todd Hubbs, Agricultural Economist - University of Illinois The January USDA reports have been delayed until further notice because of the government shutdown. As Todd Gleason reports it is expected once these numbers are released the changes in the national yields for corn and soybeans could be positive for price. 2:09 radio 2:29 radio self-contained The last time USDA updated corn and soybean yields was in the month of November. Both crops saw a drop in predicted yield for the 2018 harvest. This drop has been since complicated by harvest problems. Todd Hubbs from the University of Illinois says history can sometimes be a guide to how the January Crop Production report might change. More often than not when the yields from October to November go down, the U of I commodities specialist says they drop again in January. Hubbs :31 …is really supportive for corn prices moving forward. Quote Summary - And what yo...