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Closing Market Report: Daily Summaries Delivered
by Todd E. Gleason
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
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- 2 days ago19 min
Sep 18 | Closing Market Report
The September 18, 2026, Closing Market Report, hosted by Todd Gleason, details commodity market movements and agricultural weather forecasts. Mike Zuzolo of GlobalCommResearch.com analyzes the tightening of cash soybean supplies and the negative impact of diesel rail surcharges on local grain bids. He outlines concerns that the Federal Reserve's recent interest rate hike will weaken both domestic and export demand, advising producers to consider hedging strategies amid high market volatility. Meteorologist Eric Snodgrass of Nutrien Ag Solutions forecasts an extended period of heavy rainfall across the northern Corn Belt, potentially stalling early harvest operations. Snodgrass contrasts this with record-setting heat in the southern United States and delayed crop planting progress in South America.01:05 Ag Markets with Mike Zuzolo, GlobalCommResearch.com11:30 Ag Weather with Eric Snodgrass, NutrienAgSolutions.com ★ Support this podcast ★
- 3 days ago23 min
Sep 17 | Closing Market Report
The September 17, 2026, edition of the Closing Market Report covers commodity trade updates, energy pressures, agricultural policy, farmland economics, and global weather patterns affecting harvest and planting. Matt Bennett of AgMarket.net assesses early East Central Illinois harvest yields, noting relatively solid soybean returns compared to mixed corn results, while advising producers on risk management amid tight global grain stocks, Black Sea logistical bottlenecks, and US-Canada trade tensions. GasBuddy's Patrick DeHaan examines surging diesel prices driven by drone strikes on Russian refining infrastructure, Middle East supply threats, and constrained domestic refining capacity, alongside news of proposed diesel export bans, steady ethanol production, the Senate Farm Bill advancing out of committee, and House passage of the AM Radio for Every Vehicle Act. Juo-Han Tsay of the University of Illinois evaluates projected 2027 Illinois cash rents, forecasting stable to slightly softening rates due to high input costs offsetting recent commodity price support. Finally, Mike Tannura of Tstorm Weather outlines near-term Corn Belt rainfall distributions, beneficial upcoming moisture across the Southern Plains winter wheat belt, and precipitation trends impacting South American wheat quality and Brazilian soybean planting conditions.01:19 Ag Markets with Matt Bennett, AgMarket.net08:32 Diesel Fuel Market with Patrick DeHaan, GasBuddy.com14:06 2027 Illinois Cash Rents with Juo-Han Tsay, University of Illinois18:13 Ag Weather with Mike Tannura, Tstorm.net ★ Support this podcast ★
- 4 days ago23 min
Sep 16 | Closing Market Report
The September 16, 2026, edition of the Closing Market Report, hosted by Todd Gleason from Illinois Public Media and University of Illinois Extension, covers current commodity markets, agricultural farm management, energy infrastructure, and global weather patterns. The broadcast begins with a commodity market recap featuring Greg Johnson of Total Grain Marketing, who discusses grain and livestock price action, market volatility tied to rumors concerning Chinese President Xi Jinping, CONAB’s Brazilian crop projections, and strong spec fund positions amid the early U.S. harvest. Gleason then previews a farmdoc report and upcoming webinar by Gary Schnitkey and Nick Paulson analyzing Illinois county cash rent trends for 2026 and projections into 2027. Transitioning to rural infrastructure, Stephanie Hoff reports on how electric cooperatives are managing the surge in electricity demand from large-scale data centers, featuring insights from NRECA CEO Jim Matheson on permitting hurdles and grid reliability. Finally, meteorologist Drew Lerner of World Weather, Inc. provides a global crop weather update, reviewing drought conditions in the Southern Plains, wet field conditions slowing harvest across portions of the Corn Belt, historically dry waterways impacting grain transport in France and Europe, and early-season planting rainfall across South America.02:38 Ag Markets with Greg Johnson, TotalGrainMarketing.com11:10 farmdoc Updates Illinois Cash Rents by County Map12:52 Data Centers and Electirc Cooperatives16:10 Ag Weather with Drew Lerner, WorldWeather.cc ★ Support this podcast ★
- 5 days ago23 min
Sep 15 | Closing Market Report
The September 15, 2026, broadcast of the Closing Market Report, hosted by Todd Gleason, outlines current commodity market movements, agricultural energy constraints, and harvest weather forecasts. Naomi Blohm highlights unexpected technical strength in soybean futures despite bearish USDA data, while analyzing Brazilian crop estimates and anticipated Federal Reserve interest rate hikes. Dave Chatterton details a severe degradation in global diesel inventories driven by concurrent international conflicts, pushing fuel prices to historic highs as the U.S. harvest begins. Finally, Don Day forecasts a persistent, week-long rain event across the northern Corn Belt that will stall early harvest operations before giving way to cooler, drier conditions in October.01:41 Ag Markets with Naomi Blohm, TotalFarmMarketing.com09:53 Ag Energies with Dave Chatterton, Strategic Farm Marketing18:11 Ag Weather with Don Day, DayWeather.com21:45 2027 Cash Rent Negotiations Webinar Thursday @ 11am Central ★ Support this podcast ★
- 6 days ago23 min
Sep 14 | Closing Market Report
The September 14, 2026, broadcast of the Closing Market Report, hosted by Todd Gleason of the University of Illinois Extension, features three primary discussions centered on agricultural markets, agronomic practices, and weather forecasting. Agricultural economist Frayne Olson explores the commodity markets, explaining how surging energy prices and transportation fuel surcharges influence grain basis levels and delivery timing without significantly impacting overall demand. Olson also highlights that widespread drought in North Dakota is negatively affecting local corn and soybean yields. In the second segment, University of Illinois entomologist Nick Seiter discusses the return on investment for prophylactic insecticide applications in corn and soybeans. He notes that standard insecticide inclusions with fungicides or seed treatments rarely provide economic value, as insect populations in Illinois typically do not reach yield-limiting thresholds. Finally, meteorologist Mark Russo from EverStream Analytics delivers a regional weather outlook, predicting warm, dry conditions conducive to rapid harvesting in the southern Corn Belt. Russo also notes that a historically strong El Niño pattern is bringing necessary moisture for hard red winter wheat planting across the southwestern Plains.01:31 Ag Markets with Frayne Olson, North Dakota State University11:52 The ROI of "it's included" Insecticides18:36 Ag Weather with Mark Russo, EverStream.ai ★ Support this podcast ★
- 1 weeks ago23 min
Sep 11 | Closing Market Report
The September 11, 2026, edition of the Closing Market Report, hosted by Todd Gleason from University of Illinois Extension, covers agricultural commodity markets, agronomy updates, and seasonal weather patterns affecting harvest. The program begins with market analysis from Mike Zuzolo of GlobalCommResearch.com, who evaluates the latest USDA WASDE and crop production estimates alongside settling grain prices, the unwinding of soy-corn spreads, technical price thresholds, and the influence of rising crude oil prices driven by Middle Eastern geopolitical tensions. Abigail Peterson of the Illinois Soybean Association then recaps the ISA Field Day in Decatur, highlighting on-farm trial protocols, cover crop biomass studies for weed suppression, free soybean cyst nematode testing, and upcoming winter residue management workshops. Finally, atmospheric scientist Eric Snodgrass of Nutrien Ag Solutions breaks down regional and global weather trends, noting an unusually quiet Atlantic hurricane season01:53 Ag Markets with Mike Zuzolo, GlobalCommResearch.com08:41 Recapping the ISA Field Day in Decatur15:11 Ag Weather with Eric Snodgrass, NutrienAgSolutions.com ★ Support this podcast ★
- 1 weeks ago23 min
Sep 10 | Closing Market Report
The September 10, 2026 edition of the Closing Market Report provides a comprehensive overview of commodity markets, fall fertilizer strategies, and agricultural weather. Matt Bennett of AgMarket.net attributes recent market gains to confirmed Chinese purchases and tight global soybean stocks, advising producers to manage risk through hedging rather than relying on continued rallies. John Jones, a University of Illinois soil scientist, outlines fall fertilizer recommendations, stressing the economic value of targeted grid or zone soil testing for phosphorus and potassium to avoid unnecessary applications. He also emphasizes utilizing the Corn Nitrogen Rate Calculator to optimize anhydrous ammonia rates. Lastly, Mike Tannura of Tstorm Weather forecasts a shift toward cooler, wetter conditions in the central United States that should benefit wheat planting, while noting unusually heavy early-season rainfall in southern Brazil and the developing impacts of a historically strong El Niño pattern.01:02 Ag Markets with Matt Bennett, AgMarket.net07:55 UofIL Fall Fertilizer Application Recommendations17:04 Ag Weather with Mike Tannura, Tstorm.net ★ Support this podcast ★
- 1 weeks ago23 min
Sep 09 | Closing Market Report
This episode of the Closing Market Report, hosted by Todd Gleason, provides a comprehensive update on commodity markets, the beef industry, and global agricultural weather. The program begins with Greg John from Total Grain Marketing, who discusses pre-report estimates for upcoming USDA crop production figures, noting expected yield drops for corn and soybeans, alongside the potential market impacts of Chinese commodity purchasing. Next, University of Illinois extension beef specialist Travis Meteer analyzes the current cattle cycle, explaining how meatpacking plant closures and low herd inventories are shaping the industry while cattle are being fed to all-time heavy weights to compensate for lower head counts. Finally, Drew Lerner of World Weather Incorporated delivers a global weather outlook, highlighting the erratic early-season showers in Brazil, persistent heat in the southwestern United States, harvest-delaying rains across the Midwest, and a large storm system threatening crop quality in the Canadian Prairies.01:43 Ag Markets with Greg Johnson, TotalGrainMarketing.com11:10 Thoughts on the State of the Beef Industry14:46 Ag Weather with Drew Lerner, WorldWeather.cc ★ Support this podcast ★
About Closing Market Report
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
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