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Tag "todd hubbs"

Grain Markets: Corn Use for Ethanol Update – Podcast

Grain Markets: Corn Use for Ethanol Update – Podcast

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

Listen ot MP3 Podcast The recent strength in ethanol production has led to speculation about changes to USDA’s estimate of corn used for ethanol in the pending WASDE report. Ethanol production for the week ending December 1 set a new

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USDA’s Nov. Farm Income Forecast is a Good Predictor for 2017

USDA’s Nov. Farm Income Forecast is a Good Predictor for 2017

👤By Todd Kuethe and Todd Hubbs, University of Illinois Ag Economists; and Dwight Sanders, Southern Illinois University Ag Economist 🕔Nov 30, 2017

On November 29, 2017, the USDA’s Economic Research Service released an updated projection of 2017 net farm income. The forecast of $63.2 billion is $200 million (0.3%) lower than the forecast released in August. The updated forecast suggests that net

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Corn, Soybeans: Acreage Prospects for 2018

Corn, Soybeans: Acreage Prospects for 2018

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Nov 27, 2017

Corn and soybean prices have weathered the USDA’s November Crop Production report that contained larger forecasts of the size of the 2017 harvest, relative to market expectations, for both crops. Considerable speculation will occur over the next few months about

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Grain Markets: Soybean Export Prospects for 2017-18

Grain Markets: Soybean Export Prospects for 2017-18

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Nov 20, 2017

U.S. soybean exports will play a significant role in determining soybean prices this marketing year. The recent level of soybean exports from the United States trails last year’s pace. The prospect of ending stocks for soybeans once again diminishing throughout

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Grain Markets: Corn Supply A Burden To Prices

Grain Markets: Corn Supply A Burden To Prices

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Nov 13, 2017

The USDA’s Crop Production report released on November 9 reported an unexpectedly large corn yield increase for the 2017 crop. Corn prices suffered a moderate decline following the report release considering the magnitude of the yield increase. Corn prices will

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Grain Markets: Current Corn Price Prospects

Grain Markets: Current Corn Price Prospects

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Oct 30, 2017

December corn futures closed the week ending October 27 at $3.48 per bushel continuing a pattern over the last month of small deviations within a range between $3.45 and $3.55. Additionally, the monthly average price of corn received by U.S.

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Grain Markets: Soybean Acreage in 2018

Grain Markets: Soybean Acreage in 2018

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Oct 23, 2017

As harvest continues throughout the Corn Belt, we enter the time of year for speculation about the number of acres to be planted in the U.S. during the next crop year. Planting decisions begin with fall seeded crops, like winter

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Grain Markets: Expectations for Corn, Soybean Prices over Next 5 Years

Grain Markets: Expectations for Corn, Soybean Prices over Next 5 Years

👤By Gary Schnitkey and Todd Hubbs, University of Illinois Ag Economists 🕔Oct 18, 2017

Many farm decisions are aided by having longer-run projections of corn and soybean prices. For example, determining the appropriate level of cash rents is aided by price projections. In this article, several longer-termed projections are presented. For the 2017 marketing

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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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