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Tag "todd hubbs"

Grain Markets: Moving Forward After the Oct. Reports

Grain Markets: Moving Forward After the Oct. Reports

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Oct 16, 2017

The release of USDA’s October reports created a rally in soybean prices that pushed November soybean futures prices to levels not seen since the end of July. Corn prices saw a much more muted response. The question is will the

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Grain Markets: Sept. 1 Stocks Estimates Provide Muted Support for Prices

Grain Markets: Sept. 1 Stocks Estimates Provide Muted Support for Prices

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Oct 2, 2017

Corn and soybean prices continue to be focused on the possibility of large U.S. production levels in 2017. The USDA’s estimates of September 1, 2017 grains stocks released on Friday provided an indication of increased consumption for both corn and

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Grain Markets: Corn Prices Unlikely to Find Support from Sept. Stocks Report

Grain Markets: Corn Prices Unlikely to Find Support from Sept. Stocks Report

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Sep 25, 2017

Corn prices continue to reflect the presence of a large old crop ending stock and higher than expected corn production. The USDA will release the Quarterly Grain Stocks report on September 29. The report will provide an indication of corn use during

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Grain Markets: Corn, Soybean Production Outlook in 2017-18

Grain Markets: Corn, Soybean Production Outlook in 2017-18

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Sep 18, 2017

Given the price reaction, the market remains uncertain about the USDA’s September forecast of 2017 corn and soybean production. November 2017 soybean futures closed at $9.68 on September 15 down seven cents on the day but up from the $9.61

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Grain Markets: Soybean Consumption Finishes Strong in 2016-17

Grain Markets: Soybean Consumption Finishes Strong in 2016-17

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Sep 11, 2017

The 2016-17 marketing year for soybeans closed with strong consumption in soybean crush and export numbers. USDA’s current estimate of 370 million bushels for the 2016-17 marketing year soybean ending stocks may be lowered due to the stronger than expected

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Grain Markets: Storing Corn and Soybeans in 2017

Grain Markets: Storing Corn and Soybeans in 2017

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Sep 5, 2017

Listen to MP3 Podcast The current price structure of corn and soybean futures markets indicate positive carry in both markets and raises the question of whether producers should make decisions about grain sales. The decision by producers to store corn

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Interpreting USDA’s Recent Farm Income Forecast

Interpreting USDA’s Recent Farm Income Forecast

👤By Todd Kuethe and Todd Hubbs, University of Illinois Ag Economists; and Dwight Sanders, Southern Illinois University Ag Economist 🕔Sep 1, 2017

On August 30, 2017, the USDA released the most recent forecast of 2017 net farm income. The updated projection of $63.4 billion is $1.1 billion (1.8 percent) higher than the initial forecast released in February. The USDA also released the

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Interpreting USDA’s Net Farm Income Forecast

Interpreting USDA’s Net Farm Income Forecast

👤By Todd Kuethe and Todd Hubbs, University of Illinois Ag Economists; and Dwight Sanders, Southern Illinois University Ag Economist 🕔Aug 25, 2017

Introduction Net farm income is one of the USDA’s most cited statistics. USDA’s measure of net farm income plays an important role in the design, implementation, and evaluation of agricultural policy. They are also used by farm input and machinery

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Grain Markets: Assessing the Prospects for 2017 Corn Production

Grain Markets: Assessing the Prospects for 2017 Corn Production

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Aug 21, 2017

The August Crop Production report surprised many market observers by forecasting 2017 corn production at 14.153 billion bushels. In particular, the corn yield forecast of 169.5 bushels per acre came under scrutiny due to higher than expected yield forecasts in

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Grain Markets: Corn and Soybean Yield Forecasts Larger Than Expected

Grain Markets: Corn and Soybean Yield Forecasts Larger Than Expected

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Aug 14, 2017

The USDA’s August Crop Production report contained larger than expected forecasts for the 2017 U.S. corn and soybean crops. At 169.5 bushels per acre and 49.4 bushels per acre respectively, the corn and soybean yields came in above trade expectations.

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