Closing Market Report

Todd E. Gleason
  • 0.0 (0)
  • Marketing
  • Cada día

Established 1985 The Closing Market Report airs weekdays at 2:06pm central on WILL AM580, Urbana. University of Illinois Extension Farm Broadcaster Todd Gleason hosts the program. Each day he asks commodity analysts about the trade in Chicago, delves deep into the global growing regions weather, and talks with ag economists, entomologists, agronomists, and others involved in agriculture at the farm and industry level. website: willag.org twitter: @commodityweek

  1. hace 18 h

    Jun 18 | Closing Market Report

    Closing Market Report

    24 min

  2. hace 1 día

    Jun 17 | Closing Market Report

    Market Overview and Commodity TrendsThe June 17, 2026, broadcast of the Closing Market Report, hosted by Todd Gleason, provides a comprehensive update on agricultural markets, policy news, and global weather conditions. In the commodities segment, Greg Johnson of Total Grain Marketing details a recent market sell-off driven by favorable Midwest weather, expectations of higher planted acreage, and declining oil prices linked to a Middle East memorandum of understanding (MOU). This combination of factors has prompted investment funds to liquidate their long positions in corn and pare back on soybeans. Johnson advises farmers to adjust their pricing expectations, noting that a significant rally would require a major weather event later in the summer or a return of Chinese soybean purchases. Agricultural Policy and Global FinanceThe program also covers recent geopolitical and agricultural news, highlighting President Donald Trump’s cautious public remarks regarding the finalization of the Middle East MOU, despite White House officials confirming its digital signing. Domestically, the broadcast outlines a legislative push in the Senate to permanently lift summertime restrictions on E-15 ethanol and reports on a growing New World screwworm outbreak threatening livestock in Texas. On the financial front, the US Farm Credit System remains stable despite broader economic challenges, presenting a stark contrast to Brazil, where lower grain prices and high interest rates are driving a surge in farm bankruptcies and loan defaults. Global Weather ImpactsMeteorologist Drew Lerner from World Weather, Inc. concludes the report with a global agricultural weather outlook. In the United States, unusually cool temperatures and excessive moisture are slowing crop development across the Midwest and Northern Plains, though warmer weather is expected by July. In Europe, a severe heatwave and prolonged dry spell are heavily stressing winter crops, particularly in France. Looking toward Asia, a strengthening El Niño is forecast to bring significant dryness to Indonesia, Malaysia, and the Philippines later in the year, while simultaneously causing excessive, crop-damaging rainfall across the rice and sugarcane regions of southern China. 01:18 Ag Markets with Greg Johnson, Total Grain Marketing09:12 President Trump Hedges on MOU Signing15:16 Ag Weather with Drew Lerner, World Weather, Inc. ★ Support this podcast ★

    24 min

  3. hace 2 días

    Jun 16 | Closing Market Report

    The June 16, 2026, Closing Market Report covers commodity markets, international production costs, agricultural energy sectors, and midwestern weather forecasts. Analyst Susan Stroud notes that a recent geopolitical settlement in Iran has stabilized corn markets and prompted a slight rebound in soybeans. This recovery is driven by speculation of Chinese state-owned purchases and resilient U.S. crush demand, although impending acreage reports and shifting weather forecasts continue to inject volatility into the market. Providing a comparative analysis of international corn production, Joana Colussi explains that while both U.S. and Brazilian farmers have recently incurred financial losses, U.S. deficits are primarily linked to sticky overhead costs like land value, whereas Brazilian expenses are heavily influenced by direct inputs such as imported nitrogen. Furthermore, Dave Chatterton reports that the Iranian settlement is driving down agricultural energy and fertilizer prices, though a complete stabilization to pre-war levels will likely take several months. Chatterton also highlights that the recent release of Risk Management Agency (RMA) yields has promptly triggered ECO and SCO crop insurance payouts for numerous Midwest producers. Concluding the report, meteorologist Don Day forecasts a rapid, severe weather event across the Midwest—driven by the collision of a strong Canadian cold front and a tropical system from the Gulf Coast—which is expected to deliver heavy rainfall, damaging hail, and potential tornadoes to Iowa, Illinois, Indiana, and Ohio. 00:00 June 16, 2026 | WILLAg.org01:08 Ag Markets with Susan Stroud, No Bull Ag10:04 U.S. and Brazilian Corn Production Costs Compared13:24 Ag Energies with Dave Chatterton, Strategic Farm Marketing17:52 RMA 2025 Yields Spur ECO / SCO Payments19:59 Ag Weather with Don Day, Day Weather ★ Support this podcast ★

    24 min

  4. hace 3 días

    Jun 15 | Closing Market Report

    The June 15, 2026, edition of the Closing Market Report covers recent agricultural commodity market trends, global supply estimates, and international weather forecasts. Curt Kimmel of AgMarket.net notes that agricultural markets are currently stabilizing, with the recent Iran war settlement expected to reduce transportation and energy costs, thereby boosting investor confidence and global grain demand. Agricultural economist Ben Brown discusses the bearish impact of the latest World Agricultural Supply and Demand Estimates (WASDE) report, which revealed a 14 million metric ton increase in global corn production, largely driven by India. Brown also highlights strong domestic soybean crush demand and notes that global wheat production increases are currently overshadowing tightening U.S. supplies. Furthermore, Brown emphasizes the strong correlation between energy and grain prices while warning of potential agricultural trade disruptions if the USMCA agreement is not extended. Finally, Mark Russo of EverStream Analytics forecasts another round of severe storms and heavy rainfall for the U.S. Corn Belt before shifting to a drier pattern, while simultaneously warning of a prolonged heat wave and declining soil moisture threatening crops in Western Europe, particularly in France. - Ag Markets with Curt Kimmel, AgMarket.net- Commodity Markets Discussion with Ben Brown- Ag Weather with Mark Russo, EverStream.ai ★ Support this podcast ★

    24 min

  5. hace 6 días

    Jun 12 | Closing Market Report

    The June 12, 2026, Closing Market Report covers recent developments in agricultural markets, regional corporate investments, and long-term weather forecasts. Market analyst Mike Zuzolo notes that wheat and corn surprisingly closed higher despite a bearish USDA WASDE report that lowered the season's average cash price for wheat by 50 cents. Zuzolo attributes underlying market support to strong domestic ethanol and export demand, though he warns that soybeans face downward pressure from competitive South American crops if corn and wheat fail to establish a bottom. In state news, the USDA outlined disaster recovery resources for Illinois farmers recovering from recent tornadoes, and Rural King announced a $75 million investment in a new headquarters in Mattoon, Illinois, which is projected to create 100 local jobs. The broadcast also highlighted an upcoming University of Illinois Extension field day focused on nutrient management. Concluding with an agricultural weather forecast, Eric Snodgrass reports that recent heavy Midwestern rains have restored critical soil moisture, thereby reducing the risk of severe heat in July. Furthermore, Snodgrass highlights NOAA's confirmation of a strong El Nino pattern, which is anticipated to produce a milder, wetter fall and winter that could complicate upcoming harvest and fieldwork schedules. - Ag Markets with Mike Zuzolo, GlobalCommResearch.com- WILLAg News Update for June 12, 2026- Ag Weather with Eric Snodgrass, NutrienAgSolutions.com ★ Support this podcast ★

    18 min

  6. 11 jun

    Jun 11 | Closing Market Report

    USDA REPORT DAY The June 11, 2026, Closing Market Report covers updates on agricultural commodity markets, upcoming extension events, agronomic research, and global weather patterns. Jim McCormick of AgMarket.net noted that the USDA's June WASDE report introduced largely bearish global supply revisions for corn, wheat, and soybeans, contributing to lower market closing prices across the board. In agronomic news, Travis Meteer previewed the June 17 Dudley Smith Farm field day, an event connecting beef and row crop producers with University of Illinois researchers to discuss nutrients, water quality, and fertility management. Additionally, agricultural economist Gary Schnitkey highlighted findings from 11 years of Precision Conservation Management data, showing that utilizing no-till or one-pass light tillage systems—alongside maintaining nitrogen rates near the Maximum Return to Nitrogen limit—consistently provides the highest profitability for farmers. Finally, Mike Tannura of T-storm Weather reported that recent intense storms have sufficiently moistened the U.S. Corn and spring wheat belts, while looking abroad, a severe heat wave is expected to negatively impact crops in France, Italy, and Spain next week. - Ag Markets with Jim McCormick, AgMarket.net- June 17 Dudley Smith Farm Field Day Preview- farmdoc Webinar Explores Tillage & Nitrogen Practices- Ag Weather with Mike Tannura, Tstorm.net ★ Support this podcast ★

    24 min

  7. 10 jun

    Jun 10 | Closing Market Report

    The June 10th Closing Market Report covers agricultural market trends, crop disease management tools, and global weather impacts. Susan Stroud of NoBullAg.com notes that U.S. corn and soybean markets are facing downward pressure due to favorable June weather conditions, absent Chinese demand, and record South American crop yields, though biofuel tax credits provide some structural market support. University of Illinois plant pathologist Boris Camiletti highlights the Crop Protection Network, a collaborative online platform that equips farmers with predictive disease tracking and return-on-investment calculators to optimize fungicide applications for crops like corn and soybeans. Finally, meteorologist Drew Lerner details ongoing agricultural weather risks, emphasizing that heavy, out-of-season rains threaten Brazil's safrinha crop harvest, while frequent showers and cooler temperatures in the U.S. pose quality risks to the winter wheat harvest and exacerbate localized flooding in the Corn Belt. - Ag Markets with Susan Stroud, NoBullAg.com- The Crop Protection Network with Boris Camiletti- Ag Weather with Drew Lerner ★ Support this podcast ★

    24 min

  8. 9 jun

    Jun 09 | Closing Market Report

    The Closing Market Report from June 9, 2026, details a recent sell-off in commodity markets, with corn, soybean, and wheat prices returning to January lows due to the current absence of a weather premium. The upcoming WASDE report is expected to reflect strong export sales and potential adjustments to old crop carryouts, while technical support levels suggest potential short-term recovery bounces. In agricultural news, the Senate is developing legislation for year-round E15 sales to match a recently passed House bill, and the shipping company Maersk has successfully tested 100% ethanol as a bunker fuel in Rotterdam. Meanwhile, the Strategic Petroleum Reserve is projected to reach its lowest volume since the 1980s, and a Wisconsin farmland auction yielded nearly $22,000 per acre. Furthermore, the rapid expansion of large-scale data centers in the Midwest has prompted significant local and state regulatory pushback regarding energy and water consumption, leading to temporary development moratoriums and the proposed repeal of tax incentives in states such as Illinois and Michigan. Finally, the agricultural weather forecast predicts severe thunderstorms and heat across the northern plains and upper Midwest, which will shortly be followed by a transition to cooler, drier conditions driven by air masses from south-central Canada. - Ag Markets with Naomi Blohm, TotalFarmMarketing.com- WILLAg News Update for June 9, 2026- Lawmakers Rush to Regulate Data Center Development- Ag Weather with Don Day, DayWeather.com ★ Support this podcast ★

    24 min
Ver todo (1.2 k)

Acerca de

Established 1985 The Closing Market Report airs weekdays at 2:06pm central on WILL AM580, Urbana. University of Illinois Extension Farm Broadcaster Todd Gleason hosts the program. Each day he asks commodity analysts about the trade in Chicago, delves deep into the global growing regions weather, and talks with ag economists, entomologists, agronomists, and others involved in agriculture at the farm and industry level. website: willag.org twitter: @commodityweek

Información

  • Creador
    Todd E. Gleason
  • Años de actividad
    2015 - 2026
  • Episodios
    1.2 k
  • Clasificación
    Apto
  • Copyright
    © University of Illinois
  • Mostrar sitio web
    Closing Market Report

Más de University of Illinois

También te podría interesar