Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 12/28/18


This is a presentation summary from the 2018 Illinois Farm Economics Summit (IFES) which occurred December 17-21, 2018. A complete collection of presentations including PowerPoint Slides (PPT) and printable summaries (PDF) are available here. The trade dispute between the U.S. and China is a major factor impacting 2018 and 2019 incomes.  Because of large exports to China, U.S. soybean prices have declined because of tariffs placed on U.S. exports to China.  From 2015 through the first part of 2018, soybean prices averaged in the high $9 range.  Since the trade dispute, soybean prices have been below $9 per bushel, with some cash prices being below $8 per bushel.

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