Posts

Corn Use for Ethanol Update | Kill 11am central Dec 11

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Corn Use for Ethanol Update | Kill 11am central Dec 11
Todd Hubbs, Commodity Markets Specialist - University of Illinois
University of Illinois Commodity Markets Specialist Todd Hubbs discusses prospects for the ethanol exports to Brazil and China with Extension Farm Broadcaster Todd Gleason.by Todd Hubbs, University of Illinois
farmdocDaily articleThe 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 ethanol production record with an average of 1.108 million barrels per day, continuing eight consecutive weeks of more than a million barrels a day of production. Currently, the WASDE forecast for corn consumption for ethanol production is 5.475 billion bushels, up 36 million bushels from 2016–17 marketing year estimates. The ability to surpass this projection is possible, but foreign demand for ethanol will be crucial as…

Turkey Facts (self contained for Thanksgiving Day)

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Turkey Facts (self contained for Thanksgiving Day)
http://urbanext.illinois.edu/turkey/Running Time – 2:02For University of Illinois Extension I’m Todd Gleason. Happy Thanksgiving. Here’s a list of turkey facts, you might find of interest.Ben Franklin, in a letter to his daughter, proposed the turkey as the official United States bird.In 2012, the average American ate 16 pounds of turkey.The heaviest turkey ever raised was 86 pounds, about the size of a large dog.A 15 pound turkey usually has about 70 percent white meat and 30 percent dark meat.The male turkey is called a tom.The female turkey is called a hen.The turkey was domesticated in Mexico and brought to Europe in the 16th century.Wild turkeys can fly for short distances up to 55 miles per hour.Wild turkeys can run 20 miles per hour.Turkeys’ heads change colors when they become excited.Most of the turkeys raised for commercial production are White Hollands.It takes 75–80 pounds of feed to raise a 30 pound tom turkey…

Weekly Outlook | Soybean Export Prospects for 2017–18

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Weekly Outlook | Soybean Export Prospects for 2017–18
Todd Hubbs, Commodity Markets Specialist - University of IllinoisUp Next… U.S. soybean exports need to continue to build on the strength seen in the 2016–17 marketing year. The ability to exceed the current USDA export projections in 2017–18 is a possibility, but it is heavily dependent on South American production and the continued growth in demand from importers. Todd Gleason has more from the University of Illinois…

Nov 19 | WILLAg Newsletter

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7:15am Sunday, November 19, 2017

Good Morning,

The Farm Assets Conference is this Tuesday, November 21st. The doors open at 9:30am. Please take time to register now online or by calling during regular business hours Monday 800–898–1065. I hope to see you in Normal! Walk-in registration is available the day of the event.

Todd Gleason
tgleason@illinois.edu or (217) 333–9697


Winter Meetings, an Apology, and a Thank You
The winter meeting season has arrived. You may follow along with where I’ll be on the WILLAg.org website, just click on Calendar. If you’d like to schedule a WILLAg Marketing Panel, me, or any of the other University of Illinois experts to be on your meeting’s agenda just email tgleason@illinois.edu or call (217) 333–9697 - this rolls to my mobile and I will answer in the evening hours.

On that note! Many thanks go to Ron Gray and company (Country Financial, Farm Bureau, Extension) in southern Illinois for hosting a WILLAg Panel Thursday evening. It’s been a long time since …

Nitrogen Fertilizer Prices and Costs Lower for 2018 | Interview

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Nitrogen Fertilizer Prices and Costs Lower for 2018 | Interview
Gary Schnitkey, Agricultural Economist - University of Illinois
see farmdocDaily article

Nitrogen fertilizer prices are averaging lower now than in any time since September 2008. These lower prices could translate into roughly a $10 per acre saving in nitrogen fertilizer for the coming 2018 production year. Further savings may be possible for those farms who are applying above recommended nitrogen rates and are willing to cut fertilizer application rates. University recommendations suggest nitrogen application rates well below 200 pounds in northern and central Illinois.

Todd Gleason talked with University of Illinois agricultural economist Gary Schnitkey about his farmdocDaily article.

Average anhydrous ammonia prices in Illinois are reported approximately twice a month in the Illinois Production Cost Report, a publication of the Agricultural Marketing Service, an agency of the U.S. Department of Agriculture. …

Using the Productivity Index to Figure Cash Rents

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Using the Productivity Index to Figure Cash Rents
Gary Schnitkey, Agricultural Economist - University of Illinois Right now farmers are in the middle of negotiating 2018 cash rents. This while their incomes have been depressed for four years. Todd Gleason reports Agricultural economist Gary Schnitkey has been working up a way for landowners and their tenants to feel better about bringing cash rents down. The University of Illinois number cruncher has…
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2:00 radio self-containedThe University of Illinois number cruncher has developed a formula to derive cash rent from a fields P.I.. That’s the Productivity Index. It is benchmarked, in a fashion, to USDA’s Cash Rents Survey and uses a geographic adjustment tied to the CRD, that’s USDA’s Crop Reporting District. This allows for demand patterns in an area to show up in the formula. Schnitkey, in a farmdocDaily article says the P.I. and CRD adjustment explains 91% of the variability in the average cash rents as repor…

Corn Supply A Burden To Prices | Interview

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Corn Supply A Burden To Prices | Interview
Todd Hubbs, Commodity Markets Specialist - University of Illinois 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. However, University of Illinois Commodity Markets Specialist Todd Hubbs says corn prices will struggle to find support due to the ample supply available during the 2017–18 marketing year.