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July corn futures prices hovered between $3.15 and $3.25 since late April. Corn prices continue to stay within a relatively narrow range and that pattern may remain for the next several weeks. The potential for prices to move out of…

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Recent Articles

On Wednesday May 20th, the USDA released more information on the Coronavirus Food Assistance Program (CFAP).  In today’s article we provide a broad overview of the CFAP and how payments will be determined for the major eligible non-specialty crops, livestock,…

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Global warming describes an observed increase in the global average temperature over the last 100 to 150 years. Illinois’ climate has changed over that time period in response to global warming. The last century of climate change in Illinois has…

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Based on recent weekly Crop Progress reports from the USDA, planting progress for the 2020 U.S. soybean crop has been proceeding at a faster than normal pace. Figure 1 shows that 53 percent of soybean acreage in 18 major producing…

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The Coronavirus pandemic and COVID-19 control measures have resulted in dramatically lower commodity prices, leading to questions about whether commodity program selections would be different after COVID-19. Herein we present an analysis of Price Loss Coverage (PLC) and Agricultural Risk…

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The USDA released the first projections for U.S. corn and soybean supply and demand in the 2020-21 marketing year on May 12. The forecasts for soybeans showed higher ending stocks this marketing year with a substantial decrease in the next…

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In 2019, the total of all economic costs per acre for growing corn in Illinois averaged $878 in the northern section, $912 in the central section for farmland with “high” soil ratings, $887 in the central section for farmland with…

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