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Forward Figuring Corn & Soybean Ending Stocks

The March reports released by the United States Department of Agriculture can be used to estimate how much corn and soybeans will be left in the nation for this fall and next. Todd Gleason has more on the calculations from the University of Illinois.

USDA April 9, 2014 World Agricultural Supply & Demand Estimates

Bt Resistance Rant

April 3, 2014 Mike Gray posted a note into the University of Illinois IPM bulletin about the addition of three more counties to the Yieldgard resistant western corn rootworm saga. The Entomologist also reprimanded the industry for not taking academic recommendations on management of GMO products seriously a decade ago. You may read the FULL ARTICLE here, and an excerpt below.

"While the greater implementation of best management practices is a step in the right direction — let’s be clear, these practices should have been in place when Bt corn rootworm hybrids were first used over 10 years ago. Accelerated reliance upon the pyramided Bt rootworm products with reduced seed blend refuges will not solve this resistance management challenge. Increased use of soil insecticides, along with Bt rootworm hybrids, will likely only exacerbate resistance development. As I have done in the past, I urge producers to implement a long-term integrated pest management approach for corn rootworms. This includes the use of multiple tactics (over time, not all in the same season), such as: use of a more diverse crop rotation system, use of a non-Bt hybrid in conjunction with a planting-time soil insecticide, rotation of pyramided Bt hybrids, and consideration of an adult suppression program in heavily infested fields."

EIA Press Release on Ethanol Price Spike

APRIL 3, 2014

Rail congestion, cold weather raise ethanol spot prices

graph of ethanol and gasoline prices, as explained in the article text
Source: U.S. Energy Information Administration based on Oil Price Information Service (ethanol prices) and Thomson Reuters (RBOB prices).
Note: RBOB is reformulated blendstock for oxygenate blending gasoline, a motor gasoline blending component intended for blending oxygenates to produce finished reformulated gasoline.

Ethanol spot prices have increased steadily since early February. By late March, New York Harbor (NYH) spot ethanol prices exceeded prices for RBOB (the petroleum component of gasoline) by more than $1 per gallon. Ethanol spot prices in Chicago and Gulf Coast markets also rose above NYH RBOB prices.