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MAY 12, 2008
AT A GLANCE: (Click here to go directly to each item, or scroll down to see the entire issue.)
USDA Issues First Forecast of 2008-09 Corn Crop, NCGA Notes
Alto Fungicide Receives Section 3 Registration in Soybeans
Alfalfa Weevil Infestation Likely in Missouri
"Pair Up Program" Offer Continues
Research Shows No Negative Impact on Corn From Delaying Irrigation
Crop Talk
Sustainable Technology is Key to Unlock Success for Soy into 2020
Uncertain Corn Prospects
Drought Makes Farmers Mind Their Peas and Corn
Goodlatte Supports Farm Bill Agreement
Late Corn Planting-How Will Some Key Insects Respond?
New Focus on Business
Agriculture and Carbon Credits
KWA Signs Agreement With KCIA
Big Picture
The U.S. Department of Agriculture released its monthly World Agriculture Supply and Demand Estimate last week, which included the first estimate of the 2008-09 corn crop, the National Corn Growers Association notes. USDA is projecting 86 million acres of corn will be planted this year, of which 78.8 million will be harvested. USDA also forecasts 153.8 bushels per acre yield, which is based on trend-line yields. For more information, follow this link.
Syngenta Crop Protection announced that the U.S. Environmental Protection Agency issued a Section 3 registration for the use of Alto fungicide in soybeans.
Alto is a highly systemic triazole fungicide containing the active ingredient cyproconazole. Alto is currently available for Asian soybean rust control. For more information, click here.
Alfalfa weevils have increased to threatening levels in central and northern Missouri, said Wayne Bailey, University of Missouri Extension entomologist. Farmers should scout fields for signs of damage so weevil populations can be managed. The economic threshold is one larva per alfalfa stem, plus 30 percent of plants showing signs of feeding damage. For more information, click here.
Corn growers may be eligible to earn at least $1 per acre when protecting their crops with Bayer CropScience Oberon 4SC miticide/ insecticide and Stratego fungicide. All corn growers in Colorado, Kansas, Nebraska, Minnesota, Oklahoma and Texas who qualify for the Growing Strong Rewards Program and use Oberon 4SC on matching acres with Stratego qualify for the Oberon 4SC-Stratego Pair Up Program. For more information, click here.
Research from Pioneer Hi-Bred, a DuPont business, and Kansas State University shows corn growers can safely delay the first irrigation without having a negative impact on yield. A nine-year field study was conducted in northwestern Kansas to evaluate the effects of delaying the first irrigation on corn grain yield and its physiological components. For more information, follow this link.
The verdict is out on what factors will weave the fabric of the soybean industry over the next few years. More than a year of visioning and research by a diverse group of industry leaders points to sustainable technologies existing both for soy and other crops. The soybean checkoff organized the Soy 2020 visioning process to bring together all segments of the soybean industry. Now, the committee has released the results of the first "indicator tracking" study. For more information, click here
Assuming that the majority of the corn crop gets planted before the middle of May, prospects for a 2008 average U.S. yield at or above trend will be maintained, said a University of Illinois Extension marketing specialist. "The question is whether trend yield will be sufficient," said Darrel Good. "An estimate of actual planted acres will not be available until June 30. For more information, follow this link.
A continuing drought in parts of the Northern Plains is pushing more and more farmers in dry areas to rethink their crop choices. Of the past nine years, only three have been wet years for these areas. Some of these farmers put a new CD into their computers earlier this year to help plan their spring plantings. The CD contains the third-and latest-version of the Agricultural Research Service's Crop Sequence Calculator, which was released in February. For more information, click here.
At a press conference last week, Ranking Member Bob Goodlatte voiced his support for the farm bill agreement worked out between the principal House and Senate farm bill negotiators late Wednesday afternoon. The Food, Conservation and Energy Act of 2008 conference agreement contains significant reforms and is the most reform-oriented farm bill produced by a conference committee in many years. For more information, follow this link.
Across much of the Corn Belt this spring, the progress of corn planting is considerably behind the five-year average, and University of Illinois Extension specialists have received inquiries about the potential effects of the significant delays on insect pests. There is no one simple answer due to the different life cycles, biology and uniqueness of each pest. For more information, click here.
In the newest Focus On Business article, Deanne DeMarco offers six tips on how to make a working climate more supportive and genuinely appealing to employees. In her article, "Unlocking the 'Employer of Choice' Dilemma: 6 Keys to Success," DeMarco explains how different generations expect different things about the companies they work for. To view the entire article, follow this link.
According to the U.S. Environmental Protection Agency's Inventory of Greenhouse Gas Emissions and Sinks, in 2006 the U.S. released into the atmosphere 7,054 million metric tons of carbon dioxide equivalents (Note: a carbon dioxide equivalent is a measure of all greenhouse gas emissions reported in terms of the global warming potential of carbon dioxide). For more information, click here (PDF format).
The Kansas Wheat Alliance, the newly formed organization for delivery of K-State wheat varieties, has announced that it will contract with the Kansas Crop Improvement Association (KCIA) for temporary management of its administrative functions. KCIA is a non-profit membership organization that includes wheat farmers, certified seed producers, wheat researchers and others with a stake in the wheat industry. For more information, follow this link.
By Doane Economist
USDA released a new Supply/Demand report on Friday morning, May 9. The number included a first outlook for the 2008-09 crop year.
CORN: A little negative for price prospects, but overshadowed by continued planting delays and bullish soybean numbers. USDA pegged 2007/08 ending stocks at 1.383 billion bushels, up 100 million bushels from last month and 70 million above trade estimates. For 2008/09, ending stocks are projected to decline to 763 million bushels. While this is slightly higher than trade estimates, it's still extremely tight and assumes normal weather.
SOYBEANS: USDA raised projected exports for 2007/08 and cut ending stocks a little more than expected, to 145 million bushels from last month's 160 million. The much bigger, and most bullish, surprise was USDA's initial balance sheet for 2008/09. The trade was expecting ending stocks to increase significantly, to an average pre-report estimate of 270 million bushels. The actual projection came in at 185 million, 85 million bushels below the average trade estimate and close to the low end of the pre-report range of estimates. Its initial average farm price forecast ranges from $10.50 to $12 per bushel, which would be a new record with a mid-point of $11.25.
WHEAT: Revisions to the 2007/08 supply/demand table were in line with pre-release estimates. More importantly, USDA 2008/09 estimates were bearish. Ending stocks, estimated at 483 million bushels, were 55 million bushels above the average pre-report trade estimate. World wheat estimates were also bearish. Winter wheat production was pegged at 1.778 billion bushels, up 17% from last year and about 70 million above trade expectations.
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AgProfessional Weekly - Copyright 2008 Vance Media Corporation. This material is based on factual information believed to be accurate, but not guaranteed.
Action taken as a result of this information is solely the responsibility of the user.
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Food360, A division of Vance Publishing Corporation 10901 W. 84th Terr Lenexa, KS 66214
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