markets and weather for the farming world | Todd Gleason, Farm Broadcaster
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May 10 | USDA WASDE ReAct with Todd Hubbs
The monthly WASDE report for May 2018 introduced the first look at the new crop corn and soybean supply & demand tables. Todd Gleason has more with University of Illinois commodity markets specialist Todd Hubbs.
2019 was a truly historic and in many ways unbelievable year for Illinois agriculture. The ongoing trade war with China and the on- and off-again efforts to reach an agreement dominated headlines much of the year. As if this wasn’t enough uncertainty for one year, Illinois was hit by one of the wettest spring planting seasons on record. Looking forward, the story of Illinois agriculture will continue to be one of managing volatility and financial difficulties. The stress of a prolonged period of low corn, soybean, and wheat prices, was amplified for producers experiencing low yields this year due to poor planting and summer growing season weather. Producers and landowners continue to face a series of difficult management challenges as they grapple with adjusting to this highly volatile economic environment. What is the prospect for a recovery in grain prices? Should cash rents be lower? And if so, how much? How much will government programs offset some of the financial stress? The mem…