Closing Market Report

Week 30, 2024 Here are the University of Illinois Extension | WILLAg.org highlights for the work week ending Friday, July 26, 2024.  WILLAg.org Closing Market Report click and listen Monday  we heard from Iowa State University agricultural economist Chad Hart. He remains concerned about old and new crop prices. Particularly as it relates to how the remaining old crop corn supplies owned by farmers will blunt pre-harvest price rallies.  Tuesday  Kansas State University ag economist Dan O’Brien discussed the supply and demand tables he has been sharing with growers in his state. These include yield and price probabilities. Wednesday  we heard from market analyst Greg Johnson, ILLINOIS ag economist Gary Schnitkey, and meteorolgist Drew Lerner. Greg, an elevator manager, discussed old and new crop sales and USDA’s current $11.20 season’s average 2024/25 soybean cash price. Gary explored how well (or in this case not so well) the crop insurance SCO and ECO options ha...

  Week 29, 2024 Here are the University of Illinois Extension | WILLAg.org highlights for work week ending Friday, July 19, 2024.  WILLAg.org Closing Market Report click and listen Monday  University of Missouri’s Ben Brown discussed the changes in the July USDA WASDE. Near the end of our conversation, he made explicit note that these changes carried through both the old and new crop supplies.  Tuesday  we heard from the farmdoc Team’s Joana Colussi. She wrote an  article  for the farmdoc Daily website about corn exports across the planet focusing on Brazil, and concluding the United States would regain the title of #1 corn exporter in the new crop marketing year.  Wednesday  our Closing Market Report discussions turned to S-A-F or Sustainable Aviation Fuels in something of a not “if but when” conversation with the Geoff Cooper of the Renewable Fuels Association.  Thursday’s CMR  was filled with three U of I ACES grads. Two will be ...