Jun 12 | Closing Market Report

Jun 12 | Closing Market Report

From Closing Market Report by Todd E. Gleason

June 12, 2026 · 18 min · Episode 10371

About this episode

The episode discusses recent agricultural market developments, corporate investments, and weather forecasts impacting farmers.

The June 12, 2026, Closing Market Report covers recent developments in agricultural markets, regional corporate investments, and long-term weather forecasts. Market analyst Mike Zuzolo notes that wheat and corn surprisingly closed higher despite a bearish USDA WASDE report that lowered the season's average cash price for wheat by 50 cents. Zuzolo attributes underlying market support to strong domestic ethanol and export demand, though he warns that soybeans face downward pressure from competitive South American crops if corn and wheat fail to establish a bottom. In state news, the USDA outlined disaster recovery resources for Illinois farmers recovering from recent tornadoes, and Rural King announced a $75 million investment in a new headquarters in Mattoon, Illinois, which is projected to create 100 local jobs. The broadcast also highlighted an upcoming University of Illinois Extension field day focused on nutrient management. Concluding with an agricultural weather forecast, Eric Snodgrass reports that recent heavy Midwestern rains have restored critical soil moisture, thereby reducing the risk of severe heat in July. Furthermore, Snodgrass highlights NOAA's confirmation of a…

People in this episode

Host: Todd E. Gleason

Guests: Mike Zuzolo, Eric Snodgrass

Topics covered

  • agricultural markets
  • corporate investments
  • weather forecasts
  • ethanol demand
  • soybean market
  • disaster recovery
  • nutrient management

Keywords

  • wheat
  • corn
  • soybeans
  • USDA WASDE report
  • El Nino
  • Illinois farmers
  • tornado recovery
  • nutrient management
  • agricultural weather
  • ethanol demand

Mentioned in this episode

Organizations: USDA, Rural King, University of Illinois Extension

Books & works: WILLAg News Update for June 12, 2026

Places: Illinois, Mattoon, Illinois

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