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2019 Crop Budgets Suggest Dismal Corn and Soybean Returns

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2019 Crop Budgets Suggest Dismal Corn and Soybean Returns
Gary Schnitkey, Agricultural Economist - University of Illinois farmdocDaily articleEven with cost-cutting and savings measures, University of Illinois Agricultural Economist Gary Schnitkey says, for the moment, it seems unlikely farmers will have positive returns on rented farmland in 2019. Todd Gleason has more…I’m University of Illinois Extension’s Todd Gleason…
8:52

Small Refinery Exemptions and Ethanol Demand Destruction

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Small Refinery Exemptions and Ethanol Demand Destruction
Scott Irwin, Agricultural Economist - University of Illinois farmdocDaily articleThere is widespread interest in whether small refinery exemptions (SREs) under the RFS have “destroyed” demand for ethanol in the physical market. Todd Gleason discusses the point with University of Illinois agricultural economist Scott Irwin.I’m University of Illinois Extension’s Todd Gleason… 8:09

How Does the 2019 Acreage Mix Change

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How Does the 2019 Acreage Mix Change
Frayne Olson, Agricultural Economist - North Dakota State University VOICERIf the Trump Administration trade and tariff policies continue for very much longer it will cause farmers to plant different crops next year says North Dakota State University’s Frayne Olson. Olson :15 …a very large variety of other crops. Quote Summary - More than likely we’ll see a pretty drastic reduction at least in soybeans. In this region, in particular, the southeast (of North Dakota) because we’ve been rotating soybeans pretty hard in this area. What do we switch to? A combination of corn and spring wheat are the two obvious ones, but we do grow a very large variety of other crops. The problem with this kind of switch is that it’s likely to produce an overabundance of corn in 2019.

Trump Trade Policy Crashes Soybean Basis

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Trump Trade Policy Crashes Soybean Basis
Frayne Olson, Agricultural Economist - North Dakota State University

The Trump Administration trade and tariff dispute with China has caused the cash price of soybeans in the United States to tumble. Todd Gleason has more on the impact this year and next.

1:35 radio
1:44 radio self-contained



China, the number one destination for all U.S. soybeans, has stopped buying because of the President’s trade policies. Normally those bushels would be exported via the PNW (the Pacific Northwest) grain export terminals. That gate has closed says NDSU’s Frayne Olson and now all those bushels are expected to try and move through the other export gate at the Port of New Orleans.

Olson :20 …magic number is depends upon where you are.

Quote Summary - The challenge we have in the soybean market is that the basis levels are trying to choke off the inflow of grain. Local basis is all about what’s the inflow rate versus the outflow rate. The problem is ou…

Selling Soybeans Across the Scale

This week an ag economist from the University of Illinois has penned an article for the farmdocDaily website which explores the price of soybeans and how the Trump administration trade policies have changed how the oilseed is moved across the planet. Todd Gleason has more on what this means for farmers trying to sell the crop into the world market.This fall farmers will harvest a record sized soybean crop. USDA says about 4.7 billion bushels. They’ll need a home and farmers in North Dakota are really worried. About 2/3rds of their crop is shipped by rail to the Pacific Northwest for export to China. The Trump administration trade policies have mostly closed that market says North Dakota Senator Heidi Heitkamp, “What I would tell you is not only have you disrupted the markets and we have taken a haircut, you may not be able to sell them which is something I’ve been talking about for a long time.” Heitkamp was speaking to farmers in Fargo at the Big Iron farm show this week. The cash pr…

Selling Soybeans Across the Scale

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Selling Soybeans Across the Scale
Todd Hubbs, Agricultural Economist - University of Illinois
U.S. Senator Heidi Heitkamp - North DakotaThis week an ag economist from the University of Illinois has penned an article for the farmdocDaily website which explores the price of soybeans and how the Trump administration trade policies have changed how the oilseed is moved across the planet. Todd Gleason has more on what this means for farmers trying to sell the crop into the world market.This fall farmers will harvest a record sized soybean…
1:37 radio
1:58 radio self-contained
1:38 tv
1:58 tv cg This fall farmers will harvest a record sized soybean crop. USDA says about 4.7 billion bushels. They’ll need a home and farmers in North Dakota are really worried. About 2/3rds of their crop is shipped by rail to the Pacific Northwest for export to China. The Trump administration trade policies have mostly closed that market says North Dakota Senator Heidi Heitkamp.Heitkamp :11 …been t…

Market Mitigation Signup | an interview with Gary Schnitkey

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Market Mitigation Signup | an interview with Gary Schnitkey
Gary Schnitkey, Agricultural Economist - University of IllinoisSign up for the trade and tariff compensation package from the United State Department of Agriculture is open. Todd Gleason has more on how and when farmers and landlords should fill out the paperwork.Gary Schnitkey now joins us from the University… 5:52