Scott Irwin @ScottIrwinUI
Agricultural Economist at the University of Illinois; Lifelong fascination with commodity markets; Iowa farmboy https://t.co/3zBDWxQFsH scotthirwin.com Champaign, Illinois Joined September 2012-
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For some reason, WSJ editorial writers refuse to understand well-documented facts about biofuel economics. In the simplest possible terms, corn ethanol reduces the price of gasoline, and soybean oil biodiesel/renewable diesel raises the price of diesel.
For some reason, WSJ editorial writers refuse to understand well-documented facts about biofuel economics. In the simplest possible terms, corn ethanol reduces the price of gasoline, and soybean oil biodiesel/renewable diesel raises the price of diesel.
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Scott Irwin retweeted
Excluding health care, the U.S. economy has lost more than 140,000 jobs over the last four months
Scott Irwin retweeted
The August jobs report shows the job market is going from frozen to cracking. The only thing keeping this from being a 5-alarm fire is the fact that the labor force grew by +436,000 people. That's a surprise, especially given immigrants are leaving the U.S. labor force.…
Scott Irwin retweeted
The labor market is going from frozen to cracking. Look at how many industries have LOST jobs in the past 3 months. Mining -13,000 Construction -10,000 Manufacturing -31,000 Information -15,000 Business/Professional -51,000 Federal gov't -34,000 Finance 0 job gains The US job…
Scott Irwin retweeted
The Federal Reserve has to cut in September. And maybe October now. The US economy lost -13,000 jobs in June -->The first negative month since December 2020 (!) There's barely been any job growth in the past 4 months. Almost all the jobs added are in healthcare. Without…
Scott Irwin retweeted
JUST IN: Another WEAK jobs report. The US economy added only 22,000 jobs in August. That’s much weaker than expected. The unemployment rate rose to 4.3% -->Highest since October 2021. June job growth was revised down to -13,000 (!). July was revised up slightly to 79k (from…
Scott Irwin retweeted
John Deere Is Undermined by Tariffs and Struggling Farmers — The list price for new tractors rose at least 60% over the last eight years, according to @farmdocDaily research cited by the @nytimes, with some models more than doubling in price. nytimes.com/2025/09/04/bus…
Now I know the University of Illinois really will sell the naming rights to anything!
I assume this will be passed into law. The question will then be the same as the rest of the country: How quickly will E15 be adopted?
I assume this will be passed into law. The question will then be the same as the rest of the country: How quickly will E15 be adopted?
An important data point in the popping of the SAF bubble.
An important data point in the popping of the SAF bubble.
Scott Irwin retweeted
🇺🇸U.S. corn & soybeans are starting to reach maturity, just a hair faster than the recent average but not as quickly as last year. Spring wheat harvest is nearly three-fourths complete.
Scott Irwin retweeted
🇺🇸Last week's US corn and soybean export inspections came in near the top end of expectations, and wheat exceeded them for a second consecutive week. Last week's wheat number (1.02 mmt) was the best since September 2013.
Scott Irwin retweeted
PCE inflation came in just as expected for July: 2.6% (y/y) PCE inflation 2.9% (y/y) "Core" PCE inflation excluding food and energy PCE inflation was up 0.2% for the month Core PCE inflation was up 0.3% for the month Bottom line: Inflation has clearly ticked up from the April…
An eye-popping comparison
Scott Irwin retweeted
Some good economic news today. Q2 GDP revised *up* to 3.3% (annualized). Consumption came in a bit higher at 1.6%. Final sales to domestic purchasers also a bit higher at 1.6% Business investment, however, was a bit lower than previously reported. Bottom line: Economy is…
A good time was had by all!
A good time was had by all!
Thanks @OilandGibbs! I will be listening in.
The world is truly changing. CME just announced a partnership with FanDuel to create event futures. Futures exchanges have fought the charge of being mere "gambling dens" for much of the last 150 years. In that light, this partnership truly represents a new chapter in the long…
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