October 29, 2012: U.S. corn dominance may be waning due to drought



 




Monday, Oct. 29, 2012
 
In this issue:

Industry News
U.S. corn dominance may be waning due to drought
Asian countries may no longer look toward the United States for its corn needs after a severe drought this past summer shriveled crops and sent corn prices soaring. Full story.

Iowa farmland sale hits record $21,900 an acre
Farmland prices in Iowa hit a new record high last week when an 80.47-acre parcel sold for $21,900 an acre, the auction firm that handled the sale reported. Full story.

Agricultural R&D spending on the rise
Global challenges, including the recent food and financial crises and climate change, highlight the need for continued and scaled-up investments in agricultural research and development. Full story.
Midwest, Plains still parched
The drought that has plagued the nation’s heartland for nearly six months refuses to ease. In its weekly update, the Drought Monitor reports that 62 percent of the lower 48 states are in moderate or worse drought. Full story.
John Deere selling soil moisture monitor
With water management becoming an increasingly important factor in crop production, John Deere introduced John Deere Field Connect to provide site specific water management data to facilitate the decision making process surrounding irrigation practices. Full story.
Watch for drought-induced herbicide carryover
This summer's lack of rain has translated into the potential for summer-applied herbicides to carry over into winter wheat or even spring-planted corn and soybean crops — something growers need to be monitoring, two Purdue Extension weed scientists say. Full story.

H.J. Baker purchases sulphur production facility
H.J. Baker & Bro. Inc. and its wholly-owned subsidiary, Tiger-Sul Products (Canada) Co. announced that Tiger-Sul Products has purchased a sulphur processing facility in Irricana, Alberta, Canada. Full story.

Winfield Spray Analysis System for drift reduction
With new Environmental Protection Agency spray drift regulations in the wings, Winfield is ready to help farmers minimize spray drift and protect crop input investments with the new Winfield Spray Analysis System. Full story.

Taiwan approves new reduced-refuge trait stack
Syngenta announced that regulatory authorities in Taiwan granted import approval for the Agrisure 3122 trait stack for food use. Full story.

BIG PICTURE
By Doane Economist
The new NOPA crush data argued that USDA is too high at 1.720 billion bushels in its estimate of the 2011/12 soybean products crop year crush. With the release of the October supply/demand report from USDA, Doane adopted the USDA forecasts for the just concluded marketing year. The NOPA report on soyoil stocks was fundamentally bullish. Because of the smaller crush, there was less soybean oil produced. Soyoil stocks at member plants totaled 2.043 billion pounds, down from 2.168 billion last month. The average soyoil stocks forecast was about 2.1 billion. The end of September soyoil stocks report marks the end of the marketing year. Last year, USDA estimated the final stocks 475 million pounds greater than the September NOPA report. If it were to do so again in 2012, stocks would total 2.518 billion pounds. The significance is that is down 100 million pounds from the latest USDA WASDE forecast.
Crop Fertility Resource Center
Fall soil testing
Fall is by far the best time to take soil samples. There is more time to sample properly than in the spring. Sampling in the fall allows for time to really think about the results and make plans for next year. Full story.

For more, visit the Crop Fertility Resource Center.
Soybean Resource Center
Two discoveries are possible cyst nematode solutions
Research funded by the United Soybean Board and soy checkoff has yielded scientific announcements of potential breakthroughs in fighting this devastating disease. Full story.

For more, visit the Soybean Resource Center.
 
Becker Underwood
Inoculants Key to Boosting Post-Drought Soybean Yields

The impact of the 2012 drought may affect the yield potential of thousands of acres of soybeans in 2013. Make sure your growers don't lose soybean yield potential.

In a recent edition of The Ohio State University Extension's C.O.R.N. newsletter, Dr. Jim Beuerlein, professor emeritus in agronomy extension and technical advisor to Becker Underwood, advises, "Either a very dry soil environment or a very hot soil environment causes the rapid death of rhizobia cells. Many of those cells will have evolved into 'survival mode' and will have lost much of their potential to provide nitrogen to soybean plants in 2013. That means the surviving rhizobia population will likely be less productive next year than in previous years."

Treating soybean seed with an effective inoculant such as multi-action VAULT® HP plus INTEGRAL® can help maximize root nodulation and nitrogen-fixation. Triple BioStacked® technology enables delivery of high counts of fresh, robust rhizobia, a patented biological rhizobial performance enhancer and INTEGRAL biofungicide. These components work together as system to deliver improvements in nitrogen fixation, plant vigor and yield potential of every soybean field.

Beuerlein agrees, saying, "That reduced productivity (of native soil rhizobia) should translate into increased yield responses to inoculating soybeans and other legume seeds in the spring of 2013."

VAULT HP plus INTEGRAL increased yield by four bushels per acre over non-inoculated soybeans in two years of independent field tests at 63 locations in 11 states.

Learn more about VAULT HP plus INTEGRAL and its performance at VAULTHP.com or call 1-800-892-2013.

Focus on Business
Make your sales team an elite sales force
In every sales team, there are usually a handful of top performers … and then there’s everyone else. Imagine how much more successful your organization could be if every salesperson was an elite top performer. Think that’s not possible? Think again. Full story.

For more Focus on Business articles, click here.

Wheat Resource Center
Tillering potential of wheat covered with soil
High winds and blowing soil can cause soil to pile up in unwanted places, including in the furrows created by hoe drills. If this happens shortly after emergence, the crown of the seedlings will get buried to some extent under an unexpected layer of soil. Full story.

For more, visit the Wheat Resource Center.

Corn Resource Center
FDA approves blending of corn containing aflatoxin
Earlier this month, the U.S. Food and Drug Administration approved the Kansas Department of Agriculture’s request to allow corn containing more than 20 parts per billion (ppb) of aflatoxin to be blended with corn with lower levels or no aflatoxin to be used for animal feed in accordance with FDA guidelines. Full story.

For more, visit the Corn Resource Center.


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