BLOOMINGTON, ILL. (RFD-TV) — The agricultural market has now gone a whole month without harvest data from the U.S. Department of Agriculture (USDA), and with combines nearing the finish line in many areas, farmers are shifting their focus to post-harvest conditions.
David Klein with the American Society of Farm Managers and Rural Appraisers (ASFMRA) joined us on Wednesday’s Market Day Report with an end-of-harvest update.
In his interview with RFD-TV News, Klein said farmers in central Illinois are averaging corn and soybean prices close to those of last year. He also discussed trends in sales methods as producers and landowners assess current conditions.
Klein said that while there have been some business-planning delays in the state farmland market, approximately 22,000 acres were set for auction in November, but they are adding new listings every day. While trends seem to favor auctions, he is also seeing many traditional listings and sealed-bid auctions when sellers have a price point they want to hit. He said, overall, the market is down about 2.5%, but much lower in some areas of the state, suggesting there’s plenty of opportunity for investors interested in picking up high-quality land.
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University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
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Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
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Farmers face tighter barge capacity and higher freight costs during peak harvest.
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Bigger-than-expected corn and wheat stocks are bearish for prices, while soybean figures were neutral. Farmers may face additional price pressure as harvest accelerates.
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Jeramy Stephens, with National Land Realty, says that despite today’s economic headwinds, farmland remains a resilient asset — and understanding local conditions is key to making sound decisions.
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“MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!”
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“American soybean farmers—who are already reeling from your sweeping tariffs—deserve better.”
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