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Old crop corn basis and futures spreads continue to signal a smaller crop scenario than the price levels in the futures market suggest.  Futures price levels reflect the uncertainty associated with the coronavirus and the potential weaker growth its continuation…

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The National Agricultural Statistical Service (NASS) released 2019 county yields for corn and soybeans on February 20, allowing for more reliable estimates of Agricultural Risk Coverage at the county level (ARC-CO) payments for 2019.  Although Risk Management Agency (RMA) yields…

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The Soil Bank was enacted as part of the Agricultural Act of 1956 but it struggled, caught in the regional battle over policy and the post-war technological revolution. The Soil Bank was signed into law in late May, 1956; implementation…

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Agricultural Risk Coverage at the Individual Level (ARC-IC) will make payments in 2019 for farms that are entirely prevented plant or farms with low yields. ARC-IC combines all Farm Service Agency (FSA) farms within a state for one individual payment…

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Soybean prices put in a moderate rally last week. An outlook for a large South American soybean crop and uncertainty of the impact on economic growth associated with the evolving coronavirus situation hang over U.S. soybean demand scenarios moving forward.…

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The oomycete Phytophthora sojae, is a soil borne organism which is the predominant cause of Phytophthora root rot in soybeans. Believe it or not, P. sojae is fairly prevalent in Illinois, and under the correct conditions, this disease can result…

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It being February, the political focus turned momentarily back to matters of budget and deficit. In late January, the Congressional Budget Office (CBO) released its updated baseline estimates for federal mandatory spending programs, as well as updated projections on federal…

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