What a difference July rainfall makes. The U.S. Drought Map based on data through July 28 showed that only six percent of Illinois was rated as abnormally dry or with moderate drought, down from nearly 19 percent two weeks earlier. Above-normal rainfall over the past week in the southern half of Illinois will erase at […]

Reuters writer Stephanie Kelly reported this week that, “The U.S. Department of Energy has recommended that some of the oil refiners that applied for retroactive exemptions from the nation’s biofuel blending law be granted partial relief, two sources familiar with the matter said on Tuesday. “The move could help bring those refining companies into compliance with a court ruling earlier this […]

Soybean prices seem likely to vacillate between news on crop conditions and more robust demand prospects over the near term.  USDA’s Crop Production report, due out August 12, holds the potential to be an inflection point if the 2020 soybean crop comes in at levels anticipated by crop conditions. The prospect of an above-trend soybean […]