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. 2d ago

    Aug 21 | Closing Market Report

    The Pro Farmer national yield predictions released today present a sharply mixed outlook for this year's harvest, diverging significantly from recent USDA estimates. Pro Farmer pegs the national corn yield at just 173.2 bushels to the acre—down sharply from the USDA’s 180.7 estimate—driven primarily by lower ear counts and persistent nutrient loss across the rain-soaked eastern corn belt. Conversely, they project a record-breaking soybean crop at 53.3 bushels to the acre, supported by impressive pod counts and sufficient moisture to finish the crop out strong. Market analysts anticipate this divergence will prompt a bullish reaction in corn and pressure soybean prices, particularly as the trade looks ahead to critical late-September trade negotiations between the US and China. In the livestock sector, a newly announced plan to import 300,000 metric tons of African beef is expected to heavily pressure domestic cattle prices heading into the fall. Fortunately for Midwest row crops, the weather pattern is finally shifting toward a drier, sunnier trend that will provide the essential growing degree days needed to finish the season. 00:40 Ag Markets with Mike Zuzolo, GlobalCommResearch.com07:29 Pro Farmer 173.2 Corn / 53.3 Soybean12:41 Ag Weather with Eric Snodgrass, Nutrien Ag Solutions ★ Support this podcast ★

  2. 3d ago

    Aug 20 | Closing Market Report

    The August 20, 2026, Closing Market Report highlights critical observations from the Pro Farmer Crop Tour, revealing significant regional crop yield discrepancies across the Midwest. Market analysts Matt Bennett, Oliver Sloup, and Sherman Newlin confirm that while eastern Iowa and Minnesota project strong corn yields, excessive moisture in Illinois and drought conditions in western Iowa will likely necessitate downward revisions to current USDA estimates for those states. Despite localized nitrogen loss and lower ear counts in the eastern Corn Belt, Bennett anticipates upward adjustments to national soybean yields due to favorable late-season finishing conditions. Meteorologist Mike Tannura forecasts a generalized drying trend and normalized temperatures moving into September, indicating that late-season weather variables will have a diminishing impact on final production numbers. 02:07 Ag Markets with Matt Bennett, AgMarket.net07:18 Pro Farmer Crop Tour with Oliver Sloup and Sherman Newlin07:28 Crop Tour Update from Corn Belt Garden Spot12:32 Crop Tour Update from Western Iowa and Minnesota20:11 Ag Weather with Mike Tannura, Tstorm.net ★ Support this podcast ★

  3. 4d ago

    Aug 19 | Closing Market Report

    This August 19, 2026, broadcast of the Closing Market Report, hosted by Todd Gleason, provides a comprehensive update on agricultural commodities, field conditions, and global weather impacts. In the opening segment, Greg Johnson of Total Grain Marketing discusses recent fluctuations in corn and soybean prices, noting how farmer selling behaviors and the critical wild card of Chinese export purchases are influencing the market. Next, field scouts Sherman Newlin and Oliver Sloup share on-the-ground insights from the Pro Farmer Crop Tour in Iowa and Illinois, respectively, with both reporting underwhelming corn and soybean yields stemming from early-season weather stress and wet springs. Finally, meteorologist Drew Lerner highlights extreme global weather events—including severe flooding in the Philippines and historic drought in France—while emphasizing the U.S. Midwest's immediate need for warmer, drier conditions to support late-season crop maturation. 00:36 Ag Markets with Greg Johnson, Total Grain Marketing08:31 Pro Farmer Crop Tour | Iowa and Illinois14:45 Ag Weather with Drew Lerner, World Weather Inc. ★ Support this podcast ★

  4. 5d ago

    Aug 18 | Closing Market Report

    The August 18, 2026, edition of the Closing Market Report, hosted by Todd Gleason, provides a comprehensive update on agricultural commodity markets, ongoing crop assessments, global energy supplies, and regional weather trends. Naomi Blohm of Total Farm Marketing breaks down recent grain price movements, noting technical resistance, profit-taking in corn and soybeans, and international supply dynamics from Southeast Asia to the Black Sea. Pro Farmer Tour crop scouts Sherman Newlin and Oliver Sloup report day-two findings from the western and eastern legs of the Pro Farmer Crop Tour across South Dakota, Nebraska, Ohio, and Indiana, detailing the effects of severe field moisture, variable plant populations, and disease pressure on yield expectations. Dave Chatterton of Strategic Farm Marketing analyzes agricultural energies, highlighting the market impact of expired diplomatic agreements, Middle Eastern shipping disruptions, and multi-decade lows in global distillate stocks ahead of the North American fall harvest. Finally, Don Day of Day Weather reviews the active thunderstorm pattern moving across the Midwest, forecasting a gradual moderation in rain intensity alongside cooler overnight temperatures in the weeks ahead. 01:18 Ag Markets with Naomi Blohm, Total Farm Marketing07:25 Pro Farmer Crop Tour | Nebraska, Ohio, and Indiana15:53 Ag Energies with Dave Chatterton, Strategic Farm Marketing20:22 Ag Weather with Don Day, Day Weather ★ Support this podcast ★

  5. 6d ago

    Aug 17 | Closing Market Report

    The August 17, 2026, edition of the Closing Market Report details current developments in agricultural markets, industry operations, and agronomic conditions. Economist Matt Maltzbarger outlines how elevated nitrogen costs and a forecasted Super El Niño are influencing the 2027 corn and soybean crop rotation strategies for producers. In industry news, Tyson Foods announced the closure of its Joslin, Illinois, meat packing plant due to excess capacity and tight cattle supplies, while Senate Agriculture Committee progress on the farm bill remains stalled over SNAP penalty disputes. Field observations from Sherman Newlin on the western leg of the Pro Farmer Crop Tour indicate significant drought stress and reduced yield estimates for corn and soybeans in South Dakota. Concluding the broadcast, meteorologist Mark Russo notes an upcoming reprieve from heavy rains across the Eastern Corn Belt and forecasts a shift toward cooler, wetter conditions in Europe that may aid winter crop preparations. 02:21 Ag Markets with Bob Maltzbarger, University of Missouri10:51 Tyson Foods Closes Joslin, IL Packing Plant14:09 Pro Farmer Crop Tour | South Dakota17:35 Ag Weather with Mark Russo, EverStream Analytics ★ Support this podcast ★

  6. Aug 14

    Aug 14 | Closing Market Report

    The August 14, 2026, edition of the Closing Market Report, hosted by Todd Gleason, provides a comprehensive overview of agricultural commodity markets, crop progress, and weather forecasts. Market analyst Mike Zuzolo highlights that wheat and crude oil are currently leading the commodity markets, driven by a combination of geopolitical tensions and supply-demand fundamentals. Extension Agronomist Giovani Preza Fontes details the Illinois corn crop's progression through the critical grain fill stage, noting that while record yields are unlikely, the crop remains strong and stands to benefit from recent rains if followed by sunny, warm days. Finally, meteorologist Eric Snodgrass discusses the heavy rainfall and severe storms currently impacting the Eastern corn belt, warning that a rapidly developing El Niño could result in a wet fall harvest domestically and delay the start of the planting season in South America. 01:13 Ag Markets with Mike Zuzolo, GlobalCommResearch.com08:17 Grain Fill, Overnite Temps, and Rainfall14:07 Ag Weather with Eric Snodgrass, NutrienAgSolutions.com ★ Support this podcast ★

  7. Aug 13

    Aug 13 | Closing Market Report

    The August 13, 2026, broadcast of the Closing Market Report examines recent commodity market trends, edge-of-field conservation technologies, and weather-related crop stress. Dave Chatterton analyzes the corn market's response to lower-than-expected USDA yield estimates, highlighting the negative impact of sustained high overnight temperatures on grain fill and competitive pressures from Argentine exports. Rabin Bhattarai outlines the mechanics and environmental benefits of woodchip bioreactors and drainage water management systems, which mitigate nitrate runoff and optimize field water retention. Finally, meteorologist Mike Tannura discusses the agronomic effects of current weather patterns, emphasizing that while recent rainfall has been largely adequate, unusually warm overnight temperatures are significantly reducing crop productivity across the Corn Belt. 01:47 Dave Chatterton, Strategic Farm Marketing08:08 Two Edge of Field Conservation Practices16:13 Ag Weather with Mike Tannura, Tstorm.net ★ Support this podcast ★

  8. Aug 12

    Aug 12 | Closing Market Report

    The August 12, 2026, broadcast of the Closing Market Report, hosted by Todd Gleason, provides a comprehensive overview of the latest USDA crop production numbers and global agricultural weather. Greg Johnson of Total Grain Marketing joins the program to analyze the market's reaction to the USDA data, noting that unexpected increases in corn and soybean planted acres were offset by lowered yield estimates, resulting in tighter ending stocks and a boost to prices. Following this market breakdown, meteorologist Drew Lerner from World Weather Inc. outlines the weather landscape, detailing recent severe storm impacts in the Midwest, ongoing dryness in parts of the U.S. and Western Europe, and generally favorable crop conditions across the Black Sea region and China. 01:11 USDA Report Numbers in Review03:36 Ag Markets with Greg Johnson, Total Grain Marketing13:56 Edge of Field Conservation Practices Field Day in Cisco Tomorrow14:39 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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