Closing Market Report

Todd E. Gleason
  • 4.7 (15)
  • Marketing
  • Updated Daily

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. 4h ago

    Jul 20 | Closing Market Report

    The Monday edition of the Closing Market Report provides a factual overview of commodity markets, international trade logistics, and weather forecasts for July 20, 2026. During the segment, analyst Curt Kimmel attributes immediate gains in corn and soybean futures to ongoing Black Sea conflicts, European drought, and Chinese export purchases. The report also outlines the finalized July 27 opening of the Gordie Howe International Bridge, detailing its revised net-revenue toll agreement between Michigan and Canada. Furthermore, economist Ben Brown analyzes the market anomaly of robust Chinese demand for U.S. soybeans despite uncompetitive domestic pricing. Concluding the report, meteorologist Mark Russo notes that while the U.S. Corn Belt faces drier-than-normal conditions without threatening heat, Europe continues to endure severe, crop-damaging heatwaves. 01:19 Ag Markets with Curt Kimmel, AgMarket.net 06:18 New Trade Route Between Canada and U.S. to Open 10:31 Ag Markets Discussion with Ben Brown, University of Minnesota 19:08 Ag Weather with Mark Russo, EverStream.ai ★ Support this podcast ★

  2. 4d ago

    Jul 16 | Closing Market Report

    The July 16, 2026 edition of the Closing Market Report covers commodity markets, soil management research, and regional agricultural weather patterns. Host Todd Gleason opens the program from the National Association of Farm Broadcasting event in Kansas City, sharing first-hand observations of resilient midwestern corn crops despite recent heat waves. Market analyst Matt Bennett of AgMarket.net discusses current wheat and energy price volatility driven by geopolitical factors, noting that while the corn crop is progressing well through pollination, upcoming weather conditions will determine the extent of market premiums. University of Illinois PhD student Blake Link reports from the Orr Research Center on the expanding necessity of sulfur fertilizers across the Corn Belt, explaining the different forms of sulfur applications and their chemical effects on soil acidity. Finally, Mike Tannura of Tstorm Weather provides a global and domestic agricultural weather outlook, highlighting a temperature divide between a hotter northern region and a milder south, the potential for early-season monsoonal rains in August, and the localized atmospheric impacts of seasonal wildfire smoke on crop photosynthesis and daytime temperatures. 01:10 Ag Markets with Matt Bennett, AgMarket.net 08:38 Evaluating the Need for Sulfur Fertilizers in the Corn Belt 16:03 Ag Weather with Mike Tannura, Tstorm.net ★ Support this podcast ★

  3. 5d ago

    Jul 15 | Closing Market Report

    The July 15, 2026, edition of the Closing Market Report highlights the current agricultural commodity markets and upcoming weather patterns influencing crop production. Host Todd Gleason discusses a recent surge in wheat futures driven by supply fears following Russian military attacks on Ukrainian ports, particularly Odesa, shifting the focus away from traditional weather factors. In the ag market segment, Greg Johnson notes that Central Illinois crops are generally performing well, prompting farmers to hold out for stronger prices, though fund activity remains neutral to long. Additionally, the program details upcoming regional agricultural events, including University of Illinois Extension field days and webinars focused on soybean breeding and agricultural AI applications. The second half of the program transitions to regional and international ag weather with Drew Lerner from World Weather Inc.. Lerner breaks down the stressful but manageable heat impacts across the northern Corn Belt, noting that while the upper Missouri River Basin faces high temperatures and dryness, areas like the Red River Valley are insulated by recent heavy rainfall. The international segment details a severe and expanding drought in Western Europe, where central France and the UK face massive precipitation deficits threatening summer crops like sugar beets. Conversely, weather conditions remain favorable for crop maturation in the Black Sea region, making the current market volatility strictly a reflection of regional war developments rather than climate failures. 01:21 Ag Markets with Greg Johnson, Total Grain Marketing 11:59 Ag Weather with Drew Lerner, World Weather Inc. ★ Support this podcast ★

  4. 6d ago

    Jul 14 | Closing Market Report

    The July 14, 2026, edition of the Closing Market Report highlights shifting grain dynamics, regional crop conditions, and agricultural energy concerns amid escalating global conflicts. Market analyst Naomi Blohm notes that a recent shift to slightly cooler nighttime temperatures has taken some heat pressure out of corn and soybean prices, while wheat experiences a war premium driven by renewed tensions in the Black Sea region. Nationally, crop progress remains steady, though states west of the Mississippi—particularly Minnesota and Iowa—are significantly outperforming eastern Corn Belt states like Illinois, Indiana, and Ohio. Energy expert Susan Stroud addresses the growing volatility in the diesel market, explaining how supply crunches in Europe, domestic biofuel mandates, and the continued depletion of the Strategic Petroleum Reserve are squeezing fuel availability ahead of the fall harvest. Finally, meteorologist Don Day warns that a stubborn high-pressure ridge will sustain well-above-average temperatures and dry conditions across the northern tier and western Corn Belt for the next 10 to 12 days. 01:15 Ag Markets with Naomi Blohm, Total Farm Marketing07:30 USDA Weekly Crop Progress Report09:29 Crop Protection Network Disease Report10:47 AgriNext & Energies with Susan Stroud, No Bull Ag20:59 Ag Weather with Don Day, Day Weather ★ Support this podcast ★

  5. Jul 13

    Jul 13 | Closing Market Report

    The July 13, 2026, edition of the Closing Market Report covered critical updates in domestic agricultural production, global energy markets, and shifting weather patterns impacting the U.S. corn belt. Curt Kimmel of AgMarket.net analyzed the day's sharp rise in crude oil and grain futures, tying the market's upward momentum to localized heat stress in the western corn belt, declining crop condition ratings, and sudden escalations in Middle East war tensions. Expanding on these geopolitical developments, North Dakota State University Extension Economist Frayne Olson discussed the severe impact of a newly announced U.S. military escort fee for transiting the Strait of Hormuz, alongside the logistics disruption caused by Ukrainian drone attacks near the Sea of Azov. Olson noted that while these conflicts introduce a supportive risk premium for U.S. grain exports, their long-term effects will primarily filter through volatile international energy markets. Finally, meteorologist Mark Russo of EverStream Analytics provided a near-term weather outlook, reporting that while threatening pollination heat will temporarily persist in the northwest Midwest, a retrogressing ridge of high pressure will bring cooler temperatures by the weekend. However, Russo warned that an impending shift toward a suppressed, northwest flow jet stream pattern could signal a prolonged dry spell moving into critical pod-development stages for soybeans in early August. 01:11 Ag Markets with Curt Kimmel, AgMarket.net06:53 Commodity Market Discussion with Frayne Olson, NDSU18:46 Ag Weather with Mark Russo, EverStream Analytics ★ Support this podcast ★

  6. Jul 10

    Jul 10 | Closing Market Report

    The July 10, 2026, broadcast of the Closing Market Report highlights University of Illinois agricultural research and economic analysis. The program begins with an interview featuring soybean breeder Eliana Monteverde, who details how her team utilizes the USDA germplasm bank to develop new commercial soybean varieties with stacked pest resistance and modified amino acid profiles. Following this, the broadcast presents a comprehensive presentation by agricultural economist Bruce Sherrick on the macroeconomic drivers of farmland values. Sherrick examines how factors such as global production disparities, domestic inflation, crop insurance subsidies, and renewable energy land-use influence the long-term investment stability and profitability of agricultural real estate. 01:36 Soybean Breeding Research and a Field Day with Eliana Monteverde, University of Illinois14:42 Land Values Discussion with Bruce Sherrick, University of Illinois ★ Support this podcast ★

  7. Jul 9

    Jul 09 | Closing Market Report

    This July 9, 2026, edition of the *Closing Market Report*, hosted by Todd Gleason, covers agricultural markets, weather forecasts, and a local wildlife rescue. Matt Bennett of AgMarket.net begins by analyzing recent commodity market fluctuations, attributing the downturn to profit-taking ahead of the upcoming July WASDE report and shifting weather expectations. The program then takes a unique turn as Gleason recounts his unexpected absence the previous day, which involved coordinating with an arborist and the local Wildlife Medical Clinic to return a fallen baby Cooper's Hawk to its 65-foot-high nest. Finally, Mike Tannura of Tstorm Weather outlines the complexities of the upcoming 10-to-14-day weather models, highlighting the tension between a potential Midwestern heat dome and cooler Canadian air, while noting that current soil moisture remains largely adequate for the critical crop pollination period. 01:33 Ag Markets with Matt Bennett, AgMarket.net07:37 Putting a Cooper's Hawk Chick Back in its Nest15:44 Ag Weather with Mike Tannura, Tstorm.net ★ Support this podcast ★

  8. Jul 8

    Jul 08 | Closing Market Report

    The July 8, 2026, edition of the *Closing Market Report* covered commodity market fluctuations, regional agricultural updates, and international weather conditions. Farm broadcaster Todd Gleason hosted the program, noting that while the final numbers from the CME Group were unavailable, grain markets faced downward pressure due to geopolitical tensions in the Middle East, contrasting with a notable rise in crude oil prices. Greg Johnson of Total Grain Marketing discussed a 50% retracement on corn charts following the June crop report, outlining local crop conditions in Illinois and evaluating market dynamics like basis levels and Chinese export demand. The broadcast previewed four upcoming University of Illinois Extension and Crop Sciences field days across July, including events at the Orr Center, Heyworth, Monmouth, and Dixon Springs. Finally, Drew Lerner of World Weather Inc. provided an ag weather outlook, highlighting severe heat and moisture deficits hitting the northwestern Corn Belt and northern Plains, alongside extreme drought stress affecting crops across France and parts of Western Europe. 00:58 Ag Markets with Greg Johnson, Total Grain Marketing08:56 Four Field Days to Close Out July12:11 Ag Weather with Drew Lerner, World Weather Inc. ★ Support this podcast ★

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Ratings & Reviews

4.7
out of 5
15 Ratings

About

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

Information

  • Creator
    Todd E. Gleason
  • Years Active
    2015 - 2026
  • Episodes
    1.2K
  • Rating
    Clean
  • Copyright
    © University of Illinois
  • Show Website
    Closing Market Report

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