Grain Markets: What Are Long-Run Prices? Jun 1, 2022

🕔Jun 1, 2022
The Congressional Budget Office (CBO) recently released projected outlays for Federal farm programs from 2021 to 2031. To make these ten-year projections, CBO used estimates of commodity prices over the next […]

Corn, Soybeans: Potential Fall Prices, Based on History May 26, 2022

🕔May 26, 2022
Corn and soybean prices for 2022 fall delivery are at high levels. During the first two weeks in May, fall delivery bids in central Illinois averaged $7.39 per bushel for […]

Chicago Corn Exceeds $8- Approaches Record, While Russian Fertilizer Reaching Brazil Apr 22, 2022

🕔Apr 22, 2022
Bloomberg’s Tarso Veloso Ribeiro reported yesterday that, “Corn futures in Chicago exceeded $8 a bushel for the first time in almost a decade, approaching a record high as war threatens […]

$8 Cash Corn Bids Start to Surface – DTN Apr 16, 2022

🕔Apr 16, 2022
Cash corn prices hit $8 or higher in 205 places on the DTN National Corn Index spot bid map. Basis levels in the corn-needy areas of the United States have […]

Corn: Upside and Downside Price Scenarios Apr 1, 2022

🕔Apr 1, 2022
The Russian invasion of Ukraine has created uncertainty in global grain exports. This uncertainty has and likely will continue to result in short-term opportunity for US corn exports. Grains are […]

Feb. WASDE Report Holds Few Surprises, but Grain Markets Surge – DTN Feb 11, 2022

🕔Feb 11, 2022
The February USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports provided few surprises, as there were only minor changes to report, and, as expected, USDA was […]

Illinois: Farm Income Outlook for 2022 Dec 30, 2021

🕔Dec 30, 2021
Net income on Illinois grain farms will be at record levels in 2021, likely near $325,000 per farm. This $325,000 represents an average for grain farms enrolled in Illinois Farm […]

Illinois Corn, Soybeans: 2022 Break-Even Prices Dec 22, 2021

🕔Dec 22, 2021
Break-even prices to cover total costs for 2022 are projected at $4.73 per bushel for corn and $11.06 per bushel for soybeans. Compared to historical levels, these break-even prices are […]

Corn Use Projected Slightly Higher Than 2020/21 Record, Cash Prices Firm During Harvest Dec 21, 2021

🕔Dec 21, 2021
In its Feed Outlook report this month, the USDA’s Economic Research Service (ERS) stated that, “Total corn use for 2021/22 is projected at 14,830 million bushels. This number is slightly larger than the 2020/21 record amount of 14,818 million bushels. “Domestic corn use is projected […]

Corn, Soybeans: Sept. FAPRI Baseline Update Sep 16, 2021

🕔Sep 16, 2021
Earlier this month, the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. agricultural markets. In part, the baseline update stated that, “Strong […]

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