peace, love, markets, weather, technology for the farming world online at https://xitter.cf/t.co/K35w3WMf3R & https://xitter.cf/t.co/XnTkGHjVuC | journalist | tweets are my own
University of Illinois
Joined June 2012
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Todd E. Gleason🎙🇺🇸 retweeted
Five stops in southeast South Dakota.
Corn yield averaging 174.4 bu/acre, down 12% from the first five stops on this exact route last year.
Soybean pod count 1141 per 3'x3' plot, down 13% from these same five stops last year. #pftour26
Todd E. Gleason🎙🇺🇸 retweeted
Beef cow numbers were minimally changed. Jan 1 they were -1.0% year/year. As of Jul 1 now -0.7%. There is light heifer retention. Beef heifers retained were +0.9% year/year on Jan 1. As of Jul 1 they are +2.7%.
Todd E. Gleason🎙🇺🇸 retweeted
This needs to be repeated...widely. Say it with me. The RVP waiver for E15 is not a mandate.
Todd E. Gleason🎙🇺🇸 retweeted
This week I had the honor of being invested in a new position: The Clearing Corporation Foundation Endowed Associate Professorship in Derivatives Trading at the University of Illinois.
Todd E. Gleason🎙🇺🇸 retweeted
NEWS — SPEAKER MIKE JOHNSON just told house republicans that the leadership will not whip the E15 bill. They’re treating it as a vote of conscious.
The legislation, pushed by the Midwesterners, allows year-round sale of E15.
Todd E. Gleason🎙🇺🇸 retweeted
@PitstickFarms @dtnpf @ILSoybean @commodityweek @elliottuphoff @UnSoybeanBo @USDA @SecRollins @RepMaryMiller @Tyne_Ag @ChrisClaytonDTN
What light can you shine on this subject.
dtnpf.com/agriculture/web/ag…
Todd E. Gleason🎙🇺🇸 retweeted
1. TH and I are out with a new FDD on the implications of the 2026 and 2027 RVOs for required D4 RIN generation. I know that is a mouthful. But the question is a critical one for biofuel and feedstock markets. farmdocdaily.illinois.edu/20…
Todd E. Gleason🎙🇺🇸 retweeted
One of my worst case urea scenarios just happened.
India has announced a 2.5m ton urea purchase tender. Long shipment period (thru June) will help, but this is bad.
Global values had been holding back on market fundamentals. Government money just entered the chat.
...crap...
Todd E. Gleason🎙🇺🇸 retweeted
NEWS: Trump administration expected to waive summer gasoline blending rules - pave way for summer E15 sales - as soon as Wednesday, sources tell me.
Todd E. Gleason🎙🇺🇸 retweeted
They already were not exporting urea and phosphate (dap/map). This is just stopping all of the other "minor" fertilizer exports.
Todd E. Gleason🎙🇺🇸 retweeted
Lot of fear about "China just banning fertilizer exports" recently.
For urea and dap/map, this was already the case.
Before 2026 started, the gov't banned the export of those products until August.
The recent ban just covers all other "smaller" fertilizers.
Todd E. Gleason🎙🇺🇸 retweeted
However, treasuries failure to point directly to USDA’s rule means producers cannot benefit directly, particularly corn producers.
1/ The new 45Z #Clean #Fuels Production #Tax Credit replaces the blenders tax credit. It was modified most recently in the One Big Beautiful Bill Act passed in July 2025.
From last week's Understanding the Ethanol Market webinar: tinyurl.com/yxh2fw7t
Todd E. Gleason🎙🇺🇸 retweeted
The loss of Qatar/Saudi Arabia/Iran urea exports equates to roughly 81M acres of U.S. corn nitrogen being lost annually.
- S.A./Qatar/Iran 2024 urea exports - 13.5M
- U.S. corn acre average = 155 lbs/actual N
- 1T urea (920 lbs/actual N) = 6 acres
- 13.5M x 6 = 81M acres
Todd E. Gleason🎙🇺🇸 retweeted
1. The FAME biodiesel industry has had a tough go of it in recent years, buffeted by the boom in renewable diesel and uncertainty about RFS mandates. While this is true, the industry benefits from several tax credits and these should be taken into account when estimating the profitability of biodiesel production. That is the subject of my latest FDD: farmdocdaily.illinois.edu/20…
Todd E. Gleason🎙🇺🇸 retweeted
For some context/clues around WH Ag event next week, invites went out in early March and include groups with no real connection to biofuels. Groups are being asked to bring some 20 farmers supportive of Trump's agenda, sources tell me.
Todd E. Gleason🎙🇺🇸 retweeted
Thanks to @commodityweek Todd Gleason for this Pic and opportunity to get interviewed by Orion Samuelson way back at Farm Progress Show. RIP Orion!!!
Todd E. Gleason🎙🇺🇸 retweeted
A Top Iran War Takeaway? Greater US Surpluses of Food and Energy - The US is a net exporter of crude oil, natural gas, corn, soybeans and wheat, and the recent pump in prices due to the Iran war may incentivize more supply and curb demand. A key takeaway from the March 4 All Day Ag Outlook in Covington, Indiana, was the need for domestic demand to support grain prices. Biofuels are the top candidate, which means more energy supply.
Full report on the Bloomberg here: blinks.bloomberg.com/news/st… {BI COMD}
#crudeoil #naturalgas #energy #grains @markets
Todd E. Gleason🎙🇺🇸 retweeted
In my latest FDD we assume that 50% is the smallest level of reallocation. EPA has been signalling it will be between 50% and 100% for some time.
