Podcast
Closing Market Report
Hosted by Todd E. Gleason · EN
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
98episodes
Episodes
Newest firstAll episodes
Jul 13 | Closing Market Report
6d ago00:23:50Tap to summarizeThe 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 ★
Transcribe →Jul 10 | Closing Market Report
1w ago00:57:45Tap to summarizeThe 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 ★
Transcribe →Jul 09 | Closing Market Report
1w ago00:23:50Tap to summarizeThis 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 ★
Transcribe →Jul 08 | Closing Market Report
2w ago00:23:50Tap to summarizeThe 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 ★
Transcribe →Jul 07 | Closing Market Report
2w ago00:23:50Tap to summarizeThis edition of the Closing Market Report covers the latest developments in agricultural commodity markets, crop progress, and regional weather forecasting. Host Todd Gleason opens with commodity price updates before talking with Naomi Blohm of Total Farm Marketing, who details a recent technical recovery bounce driven by hot, dry weather patterns and underscores the market significance of the upcoming July WASDE report. The program also reviews the nationwide USDA NASS Crop Progress Report, highlighting that corn, soybean, and winter wheat developments are running well ahead of their historic five-year averages. A feature from Harvest Public Media examines the ongoing regulatory and ecological challenges surrounding the volatile herbicide dicamba and its propensity for off-target drift. Finally, meteorologist Don Day warns of an intense, unseasonable "heat dome" set to bring triple-digit temperatures and dry conditions to the northern Corn Belt, establishing a unique weather pattern wrapped by an outer ring of moisture.02:19 Ag Markets with Naomi Blohm, Total Farm Marketing09:32 USDA NASS Crop Progress Report11:58 CropProtectionNetwork.com to Monitor Disease13:48 Dicamba, EPA, and U.S. Farmers18:06 Ag Weather with Don Day, Day Weather ★ Support this podcast ★
Transcribe →Jul 06 | Closing Market Report
2w ago00:23:50Tap to summarizeThis Monday edition of the Closing Market Report highlights a major, post-holiday surge across the agricultural commodity markets, driven primarily by an adverse late-summer weather forecast and renewed export interest from China. Host Todd Gleason reports substantial gains in corn, soybean, and wheat futures following recent contract lows. Market analyst Curt Kimmel of AgMarket.net discusses the logistical significance of China picking up soybean cargoes off the Pacific Northwest and the Gulf, noting that while the technical fundamentals haven't shifted, the buying enthusiasm provides critical support ahead of Friday's upcoming USDA WASDE report. In agricultural news, farm groups are actively pushing back against Bayer's request for anti-dumping duties on Chinese glyphosate imports due to concerns over narrowing farmer margins. Additionally, University of Illinois Extension entomologist Nick Seiter warns producers to actively scout for corn leaf aphids as crops enter their vulnerable tasseling stage, and Senate Agriculture Chair John Boozman expresses hope to transition foreign food aid programs back under the jurisdiction of the USDA via a new farm bill.The program also features an in-depth economic perspective from University of Minnesota Extension economist Ed Usset, who views the current market rally as a classic post-July 4th weather market. While acknowledging the bump from hot, dry domestic forecasts and extreme heat hitting crops in France, Usset reminds producers that this rally serves as an excellent "second chance" to clean out remaining old crop inventories and execute scale-up sales on new crop corn and soybeans before defensive seasonal trends potentially return. Finally, Mark Russo of EverStream Analytics breaks down the broader global weather patterns, noting that while the core U.S. Midwest looks secure, a highly intense ridge of high pressure will bring crop-stressing heat to western plains states like Nebraska, Kansas, and South Dakota next week. Internationally, Russo reports a disastrous third heat wave accelerating crop deterioration for corn in France and parts of Eastern Europe, while unseasonal winter rains slightly slow the safrinha corn harvest in southern Brazil.01:35 Ag Markets with Curt Kimmel, AgMarket.net07:20 Bayer Requests Glyphosate Import Protections08:00 Scout for Corn Aphids09:12 Farm Bill Legislation May Attempt to Move Foreign Food Aid10:54 Commodity Market Discussion with Ed Usset, University of Minnesota18:04 Ag Weather with Mark Russo, EverStream Analytics ★ Support this podcast ★
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July 4th | Independence, Agricultural Adaptation, and the Land
2w ago00:29:50Tap to summarizeThis 4th of July program, hosted by Todd Gleason, explores the history of agricultural adaptation and innovation in the United States, drawing a parallel to the founding spirit of the Declaration of Independence. The broadcast features three historical segments detailing the evolution of primary row crops and soil management practices. It traces the genetic development of corn from early flint and dent crosses to modern commercial hybrids, emphasizing the narrowing of its genetic base. It also highlights the pioneering no-till farming experiments at University of Illinois Extension's Dixon Springs research farm, which revolutionized soil conservation by drastically reducing soil erosion in Southern Illinois. Finally, the program outlines the domestication of the soybean, its introduction to North America by sailors and agricultural explorers, and the critical importance of preserving its genetic diversity to protect future crops against pests and diseases.00:00 July 4th | Independence, Agricultural Adaptation, and the Land01:24 Declaration of Independence05:59 A History of Corn with Forrest Troyer16:03 No-Till Preserves Soils and Independence19:40 A History of the Soybean with Ted Hymowitz ★ Support this podcast ★
Transcribe →Jul 02 | Closing Market Report
2w ago00:23:50Tap to summarizeThe July 2, 2026, edition of the Closing Market Report highlights commodity settlements and a shift toward a weather-driven market. Analyst Matt Bennett and industry leaders discuss the agricultural risks of the USMCA entering an annual review process rather than an automatic renewal, while Representative Angie Craig connects rising farm bankruptcies to current trade policies and reduced food assistance. On the agronomic front, entomologist Nick Seiter advises producers to scout for corn leaf aphids during early reproductive crop stages, though he notes severe outbreaks are rare. Finally, meteorologist Mike Tannura forecasts near-term cooling for Illinois and outlines competing mid-July models that predict either a beneficial cool front or a persistent heat dome during the critical corn pollination window.02:13 Ag Markets with Matt Bennett, AgMarket.net07:06 WILLAg News Update for July 2, 202611:28 Corn Leaf Aphids – when to scout and what to expect16:00 Ag Weather with Mike Tannura, T-storm WeatherClick here to view the episode transcript. ★ Support this podcast ★
Transcribe →Jul 01 | Closing Market Report
3w ago00:23:50Tap to summarizeThe July 1, 2026, edition of the Closing Market Report covers recent commodity market trends and global weather impacts. The episode opens with a daily market recap, noting gains in corn, soybeans, and wheat futures, alongside slight declines in livestock futures such as live cattle and lean hogs.Greg Johnson of Total Grain Marketing analyzes the fallout from recent USDA reports, noting that despite bearish data on corn and soybean stocks and acreage, markets rallied due to traders taking profits on short positions. Looking ahead, Johnson emphasizes that upcoming rainfall in the Corn Belt is expected to benefit pollination, which will likely suppress weather-driven price rallies and keep producers reluctant to sell their grain at current low prices.Meteorologist Drew Lerner of World Weather, Inc. details the North American weather outlook, forecasting cooler and wetter conditions for the U.S. Midwest in July. While this moisture is largely beneficial for the corn and soybean crops, excessive rainfall threatens production potential in parts of the lower Midwest and the Canadian prairies, though improved dry conditions in the U.S. High Plains are currently aiding the winter wheat harvest.Lerner concludes with an update on severe heat and drought conditions affecting European agriculture, particularly in France. The region has received a fraction of its normal rainfall since March, and while mature winter crops like wheat and rapeseed were rushed to the finish line to avoid catastrophe, summer crops face significant yield losses if substantial precipitation does not arrive by late July.02:34 Ag Markets with Greg Johnson, TGM13:39 Ag Weather with Drew Lerner, World Weather, IncClick here to view the episode transcript. ★ Support this podcast ★
Transcribe →Jun 30 | Closing Market Report
3w ago00:23:50Tap to summarizeThe June 30, 2026, broadcast of the Closing Market Report, hosted by Todd Gleason, provides a comprehensive look at agricultural markets, conservation practices, and weather forecasts. The program begins with Naomi Blohm of Total Farm Marketing analyzing the morning's USDA grain stocks and acreage reports, noting that while corn and soybean acreages aligned closely with expectations, a significant drop in winter wheat harvested acres due to drought offered some market support. The focus then shifts to a University of Illinois Extension conservation cropping initiative featuring a panel discussion with farmers Brent Fowler, Adam Dahmer, and Greg Thoren. They share their personal experiences overcoming familial skepticism, equipment limitations, and the necessary mindset shifts required to successfully adopt no-till practices and multi-species cover crops. Finally, returning meteorologist Ed Kieser delivers the agricultural weather outlook, forecasting intense heat across the Corn Belt leading into the holiday weekend, with scattered, "ridge-riding" thunderstorms expected along the edge of a high-pressure system before slightly cooler temperatures arrive the following week.01:05 Ag Markets with Naomi Blohm, Total Farm Marketing07:49 Cover Crop Conversations: cultural and mindset shifts18:53 Ag Weather with Ed Kieser, Illinois Public Media ★ Support this podcast ★
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