Closing Market Report

FOOD AND AGRICULTURE IN THE 21ST CENTURY Tomorrow (Wednesday from noon to 1pm central) former University of Illinois President Bob Easter will make a presentation on feeding the world in the 21st Century.  Bob is an animal scientist specializing in pork production. He has made annual trips to China to teach pork production for more than three decades. I can only speculate that he will take up AFS in some detail and incorporate that into his 21st Century presentation.  It is free. You or someone in your shop should register. The information should be very, very good.  Todd Gleason ---- Farmdoc Webinar: #Food & #Agriculture in the 21st Century * Presented by Robert A. Easter, President Emeritus @Illinois_Alma * Wed, Apr 17 - noon to 1 p.m. CDT * Will there be enough food by 2050? Protein demand, animal/crop production Registration: https://register.gotowebinar.com/register/1659489999268641293

ifr190412–084 Good Yields! Yes but a Warning | an interview with Gary Schnitkey Gary Schnitkey, Agricultural Economist - University of Illinois by Gary Schnitkey, University of Illinois read farmdocDaily article On a national basis, corn and soybean yields were near record-breaking levels in 2018, with exceptional yields in central Illinois and the eastern United States contributing heavily to those near-record U.S. yields. Other areas had below-trend yields. The county yields for corn and soybeans presented in this article illustrate these facts. Much higher U.S. yields are possible if all areas have exceptional yields. However, all areas including Illinois should not expect above-trend yields in every year. Corn Yields The 2018 corn yield for the United States was 176.4 bushels per acre, just .2 bushels below the record yield of 176.6 bushels per acre set in 2017 (all yields in this article are from QuickStats, a website maintained by the National Agricultural Stati...

ifr190405–072 USDA Reports Provide Surprises for Corn Todd Hubbs, Agricultural Economist - University of Illinois Friday’s USDA reports surprised the corn market. Todd Gleason has more on how more corn acreage than expected this year coupled with more corn leftover from last year than expected will influence prices. by Todd Hubbs, University of Illinois read farmdocdaily article watch post USDA report webinar with Todd Hubbs and Scott Irwin The USDA’s quarterly Grain Stocks report and annual Prospective Planting report delivered surprises to the corn market. A greater than expected corn stocks number combined with higher than expected planted acreage of corn gave very bearish news to corn prices. Soybean stocks and acreage came in neutral to slightly positive for soybean prices. March 1 corn stocks came in at 8.605 billion bushels compared to an average trade guess of 8.335 billion bushels. The stocks estimate suggested feed and residual use of corn during the first half ...