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home : ag & business : ag November 20, 2014

Price at the Pump printed November 20, 2014

Thursday, November 20, 2014


Price at the Pump printed November 19, 2014
Wednesday, November 19, 2014

Corn and soybean acreage questions persist
URBANA, Ill. – Recent USDA reports have left some unresolved questions about the magnitude of planted and harvested acreage of corn and soybeans in 2014.
Wednesday, November 19, 2014

Upward momentum falters with break in meal prices
The upward momentum featured over the last month seems to have stagnated this week on concerns that the meal bubble may be bursting.
Wednesday, November 19, 2014

Price at the Pump printed November 18, 2014
Tuesday, November 18, 2014

Price at the Pump printed November 17, 2014
Monday, November 17, 2014

Price at the Pump printed November 14, 2014
Friday, November 14, 2014

Price at the Pump printed November 13, 2014
Thursday, November 13, 2014

Price at the Pump printed November 12, 2014
Wednesday, November 12, 2014

Farm business summit conference coming to St. Louis
ST. CHARLES, ILL — Farm Futures, one of the leading U.S. ag business magazines, announced that it will host a major business conference in St. Louis to help farmers manage one of the biggest economic downturns in recent history.
Wednesday, November 12, 2014

Consortium receives $7 million to empower women farmers
URBANA, Ill.  - A consortium led by the University of Illinois College of Agricultural, Consumer and Environmental Sciences (ACES) has been awarded $7 million from the United States Agency for International Development (USAID) to increase global food security and support effective rural development by empowering women to better contribute to higher household incomes, increase agricultural productivity, and improve nutritional outcomes for family and community members.
Wednesday, November 12, 2014

Markets rally on meal strength, under whelming reports
The grain markets have returned to form this week after breaking the upward momentum last week. For the week, corn is 6 higher on the December contract while beans are 26 higher on the November contract.
Wednesday, November 12, 2014

Price at the Pump printed November 11, 2014
Tuesday, November 11, 2014

Price at the Pump printed November 7, 2014
Friday, November 7, 2014

Price at the Pump printed November 6, 2014
Thursday, November 6, 2014

Price at the Pump printed November 5, 2014
Wednesday, November 5, 2014

Taylorville students recognized at 87th National FFA Convention
LOUISVILLE, KY — Twenty-one Taylorville FFA students attended the 87th annual National FFA Convention after being selected through an application process.
Wednesday, November 5, 2014

A mixed pace of corn and soybean consumption
URBANA, Ill. – With the large U.S. corn and soybean crops this year, the importance of consumption and the size of year-ending stocks for longer-term price direction have been underscored.  According to a University of Illinois agricultural economist, extremely large year-ending stocks would increase the probability of prolonged surpluses and relatively low prices while more modest year-ending stocks would open the door for a quicker recovery in prices.
Wednesday, November 5, 2014

Price at the Pump printed November 4, 2014
Tuesday, November 4, 2014

Price at the Pump printed November 3, 2014
Monday, November 3, 2014

Wildflower of the week
This picture shows the seed pods of this common weed often found in soybean fields. The name ‘Velvetleaf’ comes from the soft downy covering on the heart-shaped leaves.
Saturday, November 1, 2014

Price at the Pump printed October 31, 2014
Friday, October 31, 2014

Price at the Pump printed October 30, 2014
Thursday, October 30, 2014

Price at the Pump printed October 29, 2014
Wednesday, October 29, 2014

Money movement overshadows bearish fundamentals
Fund flow has trumped fundamentals over the last week with hedge pressure unable to match the influx of money in the grain markets. Friday’s Commitment of Traders Report, for example, indicated that managed money funds added 38,284 contracts to their already long corn position last week while simultaneously increasing their soybean position by a modest 853 contracts.
Wednesday, October 29, 2014

Fall-applied herbicides: Which weed species should be targeted?
URBANA, Ill. - Herbicides applied in the fall often can provide improved control of many winter annual weed species compared with similar applications made in the spring, according to a University of Illinois weed scientist.
Wednesday, October 29, 2014

U of I schedules Farm Bill web-based tools workshop for November 17
URBANA, Ill.  – A one-day workshop that will include demonstrations and training on web-based decision tools with presentations on the 2014 Farm Bill farm programs, will be held Nov. 17 from 9 a.m. to 4 p.m. at the Crowne Plaza Indianapolis Airport hotel located at 2501 South High School Road in Indianapolis.
Wednesday, October 29, 2014

Illinois farmer helping developing countries
ST. ELMO, Ill. (AP) — Gary Berg's experience with soybeans has taken him far beyond his farm in St. Elmo.
Wednesday, October 29, 2014

Price at the Pump printed October 28, 2014
Tuesday, October 28, 2014

Price at the Pump printed October 27, 2014
Monday, October 27, 2014

Price at the Pump printed October 24, 2014
Friday, October 24, 2014

Price at the Pump printed October 23, 2014
Thursday, October 23, 2014

Price at the Pump printed October 22, 2014
Wednesday, October 22, 2014

Hedge pressure likely to emerge with harvest progress
Grain trade has held steadfast near the top of its recent range this week. Ebola concerns had initially created an exodus of money in the financial markets over the last several weeks, but the ability for the grain markets to maintain their recent strength amidst that exodus and in the face of record large production, suggests that commodities may be perceived as undervalued relative to their financial counterparts.
Wednesday, October 22, 2014

2014 ethanol consumption exceeds expectations, 2015 prospects uncertain
URBANA, Ill. – Ethanol production, consumption, and stocks data are typically reviewed on a calendar-year basis because Renewable Fuel Standards (RFS) are established for calendar years.  However, according to a University of Illinois agricultural economist, because corn is the major feedstock for domestic ethanol production, ethanol data on a corn marketing year basis (September to August) are important for monitoring and anticipating marketing-year corn consumption.
Wednesday, October 22, 2014

Freshmen FFA members compete at Section 16 Greenhand Bowl
TAYLORVILLE — The Taylorville FFA Chapter placed 4th out of nine teams at the Section 16 Greenhand Bowl. The event was held at Sullivan High School in Sullivan. 
Wednesday, October 22, 2014

FFA wins the Section 16 Ag Sales Career Development Event
TAYLORVILLE — The Taylorville FFA Chapter recently competed at the Section 16 FFA Agricultural Sales CDE held in Sullivan, IL. The team competed against a strong field of schools and was named the top team in Section 16.
Wednesday, October 22, 2014

Price at the pump printed October 20, 2014
Monday, October 20, 2014

Price at the pump printed October 17, 2014
Friday, October 17, 2014

Price at the Pump printed 10-16-14
Thursday, October 16, 2014

Ag this Week printed October 15, 2014
Wednesday, October 15, 2014

How many acres of corn are needed in 2015?
URBANA, Ill. – One of the functions of crop markets is to direct planting decisions of U.S. producers. That process begins with fall seeded crops, primarily winter wheat, and continues through the following spring.
Wednesday, October 15, 2014

Harvest delays temporarily supersede bearish fundamentals
Traders are attempting to re-calibrate their expectations this week after the first positive week since late August, especially after it culminated with a bearish USDA monthly supply and demand report.
Wednesday, October 15, 2014

NATURE THIS WEEK. . .
Saturday, October 11, 2014

Price at the Pump printed October 8, 2014
Thursday, October 9, 2014

Markets shrug bearish reports in short-covering rally
After exhibiting some symptoms of bear fatigue late last week, the grain markets have responded favorably to several emerging stories. The weekly net change is 17 higher on the December corn contract while beans are 28 higher on the November contract.
Wednesday, October 8, 2014

U of I's Meteer: grazing cornstalks still viable despite wet weather
URBANA, Ill. — Wet, rainy weather conditions are beginning to cause headaches for farmers. Besides the obvious delay in harvest, additional moisture is negatively affecting grain and cornstalk quality for cattle producers that normally utilize the crop residue to extend the grazing season, according to a University of Illinois Extension beef educator.
Wednesday, October 8, 2014

Taylorville FFA competes in Land Use Evaluation event
TAYLORVILLE — Taylorville FFA students have had a busy fall with several different events such as homecoming, community service projects, and leadership training.
Wednesday, October 8, 2014

Price at the Pump printed October 7, 2014
Tuesday, October 7, 2014

Price at the Pump printed October 6, 2014
Monday, October 6, 2014

This Week's Wildflower - Oct. 5, 2014
Saturday, October 4, 2014

Price at the Pump printed October 2, 2014
Thursday, October 2, 2014

2013 a record year for nation's ag co-ops
WASHINGTON, Sept. 30, 2014 - Agriculture Secretary Tom Vilsack announced this week that the nation's farmer, rancher and fishery cooperatives set a new sales record in 2013, with total business volume of more than $246 billion. That surpasses the previous record, set in 2012, by $8 billion.
Wednesday, October 1, 2014

USDA unveils online tool to help farmers select Farm Bill programs
URBANA, Ill.  – The U.S. Department of Agriculture (USDA) launched a new online resource this week to help farmers across the country make important decisions on new Farm Bill created safety net programs.
Wednesday, October 1, 2014

Hedge pressure emerges despite slow harvest
Traders were pressing the grain markets last week in anticipation of an active harvest weekend. Most analysts agree that storage will likely be insufficient in the face of record large production and that significant quantities of grain will need to be sold straight from the field creating hedge pressure in the market.
Wednesday, October 1, 2014

Price at the Pump printed October 1, 2014
Wednesday, October 1, 2014

Price at the Pump printed September 30, 2014
Tuesday, September 30, 2014

Price at the Pump printed September 29, 2014
Monday, September 29, 2014

Price at the Pump printed September 25, 2014
Thursday, September 25, 2014

Price at the Pump printed September 24, 2014
Wednesday, September 24, 2014

Monitoring corn and soybean consumption
URBANA, Ill. - The corn and soybean markets appear to be expecting the USDA’s already very large U.S. production forecasts to be increased in the October 10 Crop Production report, said University of Illinois agricultural economist Darrel Good.
Wednesday, September 24, 2014

Stocks report, planted acre intentions, harvest progress to drive markets
All three major grain markets set new lows over the last week; the corn market, in fact, finished at new contract lows on Friday, set a four year price low, and finished seven cents lower for the week.
Wednesday, September 24, 2014

Price at the Pump printed September 22, 2014
Monday, September 22, 2014

Price at the Pump printed September 19, 2014
Friday, September 19, 2014

Price at the Pump printed September 18, 2014
Thursday, September 18, 2014

CCFB to host first annual Grain Collection Drive
CHRISTIAN COUNTY — The Christian County Farm Bureau Foundation is holding its First Annual Grain Collection Drive this fall.

Wednesday, September 17, 2014

Taylorville FFA members attend Leadership Training School
MAROA — Thirty-five Taylorville FFA members attended Leadership Training School (LTS) at Maroa-Forsyth on Tuesday, September 9, 2014. The event was designed to showcase several different leadership skills including communication, teamwork, cooperation, and public speaking. 

Wednesday, September 17, 2014

Revisions to corn and soybean acreage estimates may be ahead
URBANA, Ill. - The USDA’s Crop Production report, to be released by the National Agricultural Statistics Service (NASS) on Oct. 10, may contain revised estimates of planted and harvested acreage of corn and soybeans.
Wednesday, September 17, 2014

Price at the Pump printed September 17, 2014
Wednesday, September 17, 2014

Price at the Pump printed Sept. 15, 2014
Monday, September 15, 2014

This Week's Wildflower - Sept. 14, 2014
Saturday, September 13, 2014

Price at the Pump for Sept. 11, 2014
Thursday, September 11, 2014

NASS estimates current Illinois cash rent values
According to the USDA’s National Agriculture Statistics Service, cash rent in Illinois is currently averaging $262.00 per acre for irrigated ground,  $233.00 per acre on non-irrigated ground, and $36.50 per acre for pastureland.
Wednesday, September 10, 2014

Researchers test organic vs. inorganic microminerals fed to pigs
URBANA, Ill. - Pigs require micromineral supplements in their diets to achieve optimal growth and health. However, feeding supplements that aren't well digested can cause pigs to excrete excess minerals, which may reduce profits and also increase pollution to the external environment.
Wednesday, September 10, 2014

UofI economist debates impact of USDA Sept. stocks estimate
URBANA, Ill. – Corn prices continue to be dominated by expectations of a very large U.S. harvest. The USDA will release a new forecast of the size of the crop on Sept. 11.
Wednesday, September 10, 2014

Price at the Pump for Sept. 10, 2014
Wednesday, September 10, 2014

Price at the Pump for Sept. 8, 2014
Monday, September 8, 2014

Price at the Pump for Sept. 5, 2014
Friday, September 5, 2014

Price at the Pump for Sept. 4, 2014
Thursday, September 4, 2014

Price at the Pump for Sept. 3, 2014
Wednesday, September 3, 2014

Plant population study suggests diminshed correlation to yield
URBANA, Ill.  – Though some growers may be wondering if they took full advantage of this year’s high-yielding conditions, a University of Illinois crop scientist said data does not necessarily show that increasing plant population would have made for bigger yields this year.
Wednesday, September 3, 2014

Hurt: declining meat consumption hindering animal industry
URBANA, Ill. – According to Purdue University Extension economist Chris Hurt, in 2007 meat consumption per person in the U.S. was 219 pounds for the big four: beef, pork, chicken, and turkey. Current USDA estimates for this year are down to 199 pounds per person, nearly a 10 percent decrease in seven years.
Wednesday, September 3, 2014

Sudden death syndrome and white mold observed in Illinois
URBANA, Ill. - Signs and symptoms of a few soybean diseases have begun to show up in some areas of the state over the last few weeks, and two of these diseases, sudden death syndrome (SDS) and Sclerotinia stem rot (white mold), are likely to cause economic losses in some growers’ fields this year, said a University of Illinois plant pathologist.
Wednesday, September 3, 2014

Price at the Pump for Sept. 2, 2014
Tuesday, September 2, 2014

Price at the Pump for Sept. 1, 2014
Monday, September 1, 2014

This Week's Wildflower - Aug. 31, 2014
Saturday, August 30, 2014

Price at the Pump for Aug. 28, 2014
Thursday, August 28, 2014

Price at the Pump for Aug. 27, 2014
Wednesday, August 27, 2014

Farm Futures estimates 2015 acreage
Wednesday, August 27, 2014

Looking for a corn consumption response
URBANA, Ill. – With the start of the new marketing year only a week away, the process of monitoring corn consumption and corn consumption prospects in the three major categories of feed, ethanol, and exports is under way.
Wednesday, August 27, 2014

Pro Farmer Crop Tour suggests impressive yields
While the potential for record production isn't exactly the best kept secret in the corn market, tour results from the Pro Farmer Crop tour over the last week have reinforced views that the USDA will likely raise yields in their September report.

Wednesday, August 27, 2014

Price at the Pump for Aug. 26, 2014
Tuesday, August 26, 2014

Price at the Pump for Aug. 25, 2014
Monday, August 25, 2014

Wildflower of the Week
This is another perennial member of the bean family, with the typical pea shaped blossom, this time in bright, golden yellow and growing low to the ground.
Saturday, August 23, 2014










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