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Market Commentary

Afternoon Comments 05/17


Continuing tightness of old crop supplies apparently sent nearby soybean futures sharply higher Friday despite the negative export demand implications of the rallying U.S. dollar. The greenback advance may also increase the chance of soybean imports during the days and weeks ahead. Deferred futures also rose despite the prospect of rainy Corn Belt weather over the weekend (and, ultimately, the potential for late-season switching to soybean plantings). July soybeans jumped 21.0 cents to $14.485/bushel at its Friday close, while July soyoil was steady at 49.52 cents/pound, and July soybean meal leapt $10.2 to $425.1/ton.
Market Info

ISU receives grant to enhance soybean resistance to SDS

Iowa State University Extension  |   February 11, 2013
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Researchers at Iowa State University will use a grant totaling more than $5 million to strengthen the genetic resistance of soybeans to sudden death syndrome, a disease that has cost Iowa soybean producers millions in crop losses.

The five-year, $5.35 million grant from the U.S. Department of Agriculture’s National Institute of Food and Agriculture will allow an international team that includes nine ISU researchers to genetically modify soybeans in an attempt to fight off sudden death syndrome more effectively.

Madan Bhattacharyya, an associate professor of agronomy who will lead the research team, began studying sudden death syndrome in soybeans in 2003.  Bhattacharyya said that sudden death syndrome resistance in soybeans is encoded in numerous genes, each playing a small role in an individual plant’s resistance to the disease. Even elite soybean lines carry only partial resistance to the disease, he said. Researchers on the project hope to find new solutions that will provide a stronger resistance.

“Currently, the existing resistance mechanism isn’t strong,” Bhattacharyya said. “We would prefer something that does more to combat the disease.”

Soybean sudden death syndrome is an emerging disease that first appeared in Arkansas in 1971, he said. It’s caused by a Fusarium fungus that infects the roots of the soybean plant. The pathogen has never been detected from the diseased leaves or other above-ground tissues. The research group has recently shown that a small protein produced by the pathogen in the roots is the major cause of foliar soybean sudden death syndrome. The team has also shown that generation of a plant antibody against this protein enhances the disease resistance in transgenic soybean lines.

In 2010, sudden death syndrome cost Iowa soybean producers around $300 million in crop losses, Bhattacharyya said. That same year saw national crop losses approach $1 billion, he said.

“One of the reasons the disease is so devastating is that it begins in the root of the plant, and the pathogen stays in the infected roots,” he said. “By the time disease symptoms become visible in the leaves, it’s too late. There’s no effective fungicide to control the disease.”

Bhattacharyya and the ISU researchers will lead a team that includes personnel in Brazil and Argentina as well as in five other states. Nine of the 17 researchers involved in the program work at Iowa State, spanning a range of disciplines including genetics, plant breeding, plant pathology, electrical and computer engineering, computer science, sociology, economics and education.

In addition to research, the team will carry out education and outreach functions for 6-12th grade teachers and minority students interested in biotechnology and genetics. The education portion of the grant will be conducted both at Iowa State and Tuskegee University.

“This is a diverse team with a broad range of expertise,” Bhattacharyya said. “I’m looking forward to finding new ways to fight a disease that has caused serious hardship in leading soybean producing states, including Iowa.” 


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