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Soil & Water Management Webinar for Certified Crop Advisors

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Soil & Water Management Webinar for Certified Crop Advisors
earn 4.5 hard to get Soil & Water Management CEU’s
Duane Friend, University of Illinois ExtensionCertified Crop Advisors in the state of Illinois looking for the hard to get Soil and Water Management credits should registered today for a University of Ilinois Extension Webinar. The soil and water management webinar will be held February 20 at locations around the state. Crop Advisors can earn 4.5 CEU’s, or Continuing Education Units, by attending. The cost is $45 and includes lunch and snack. The program runs from 9 to 2 Tuesday, February 20th. Check with your local Illinois Extension office for complete details.

Above Trend Yields or Higher Prices Needed to Break-Even in 2018

ifr180202–034
Above Trend Yields or Higher Prices Needed to Break-Even in 2018
Gary Schnitkey, Agricultural Economist - University of Illinois
read farmdocDaily articleFarmers figuring crop budgets for this year will face an uncomfortable reality. In order to break-even on cash rented land, generally speaking, it will require above trend yields, higher prices, or some combination of the two. Todd Gleason has more…

Is It Time to Sell New Crop Soybeans

ifr180202–033
Is It Time to Sell New Crop Soybeans
Todd Hubbs, Agricultural Economist - University of Illinois
read farmdocDaily articleSoybean prices rallied over the last week on increased uncertainty in South American soybean production and a weaker dollar. Soybean prices in the 2017–18 marketing year are following a very similar pattern to last marketing year and brings to the forefront the prospects of 2018 soybean sales. New crop cash bid prices for harvest in central Illinois recently ranged between $9.70 and $9.80. A prudent marketing plan for soybeans this year may possess some selling of new crop soybeans in this price rally says Todd Hubbs from the University of Illinois.

Can Corn Prices Get Above the Current Range

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Can Corn Prices Get Above the Current Range
Todd Hubbs, Agricultural Economist - University of Illinois
read the farmdocDaily articleMarch corn futures continue to trade between $3.48 and $3.60. This has been the case since the release of the November USDA supply and demand tables. It continues today despite the bearish information contained in USDA’s end of year reports released January 12. Todd Hubbs says corn prices continue to stay in relatively narrow range, and that pattern may remain for the next several weeks.
Listen to Todd Hubbs discussion of his farmdocDaily article with Univesity of Illinois Farm Broadcaster Todd GleasonThe University of Illinois grain markets specialist says the present outlook projects ample corn supplies in 2018. This will likely keep corn prices in the current range until information on spring planting is released. USDA’s Prospective Plantings report is due March 29th. Hubbs says a typical price pattern suggests a price rally in late spring …

Bad Weather Rising

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Bad Weather Rising
Scott Irwin, Agricultural Economist - University of Illinois An agricultural economist at the University of Illinois is looking for a long-term recovery in the commodity markets. Todd Gleason has more on the reasons why.Commodity prices have been low since 2014…
1:18 radio
1:27 radio self-contained Commodity prices have been low since 2014, but the price of farmland has remained fairly strong. This is an indication thinks University of Illinois’ Scott Irwin that those buying farmland believe his contrarian view that prices will recover say to $4.00 for corn, $10.75 for soybeans, and $4.75 for all wheat. Irwin :20 …will restore profitability.Quote Summary - That’s at least one way to reconcile the firmness of land values. These long-run investors, whether they be farmers or outside investors, some reversions to averages like that which will restore profitability. Irwin says there are two reasons for commodity prices to increase. One of them is slow. It’s…

Returning to the New Era Corn Price Mid-Point

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Returning to the New Era Corn Price Mid-Point
Scott Irwin, Agricultural Economist - University of IllinoisThe agricultural economists at ILLINOIS have been championing a new era for grain prices since the rise of ethanol as a major player in the U.S corn market. Todd Gleason has more on why.Scott Irwin is an agricultural economist…
2:44 radio
2:57 radio self-contained Scott Irwin is an agricultural economist from the University of Illinois. He and his colleagues believe grain prices have achieved a new higher plateau era. An era that started just after Congress mandated renewable fuels be ramped up in the U.S. gasoline supply over a ten year period beginning in 2005. Irwin says it is the third such era.Irwin :25 …within a range during these eras.Quote Summary - The periods that I call eras of grain prices run from post World War II to 1973, from 1973 to 2006, and 2006 to the present. What we have found to date is that grain prices, unadjusted for inflation, tend to move wi…

MLK Day | A Chronology of Martin Luther King's Life

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MLK Day | A Chronology of Martin Luther King’s LifeThis is a self-contained audio file meant for air on the Martin Luther King, Jr. Holiday in the United States.