Closing Market Report

Celebrating 40 Years .

Author: Todd E. Gleason

Celebrating 40 Years 10,000 Episodes 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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May 12 | Closing Market Report
Episode 10348
Tuesday, 12 May, 2026

- Ag Markets with Naomi Blohm- WILLAg News | Senate Farm Bill, Beef Imports, Trump v Xi- E15 Supports Hold Press Conference on the Capitol Steps- Ag Weather with Don DayThe May 12, 2026, Closing Market Report details a confluence of critical agricultural market data, legislative stalemates, and international trade developments. Market analyst Naomi Blohm noted that while the latest USDA WASDE report offered a surprising bump in soybean export and crush demand, markets remain hesitant ahead of a highly anticipated Beijing summit between Presidents Donald Trump and Xi Jinping, where U.S. Senators are already heavily lobbying for increased agricultural exports. Domestically, agricultural policy faces significant friction; Senator Charles Grassley indicated the Senate farm bill is likely stalled over SNAP reform disputes, and the Trump administration's move to increase beef import flexibility has divided the domestic cattle industry. Conversely, bipartisan momentum is building in the House for permanent, year-round E15 fuel legislation, championed by Representative Nikki Budzinski as a crucial stabilizer for rural economies. Meteorologically, the U.S. Corn Belt is expected to transition from an unseasonably cool pattern to warmer, stormier conditions, while Brazil’s safrinha corn region trends unfavorably dry. ★ Support this podcast ★