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Market Commentary

Midday Report 06/19


Soybean prices are higher in mid-morning trading due to weather concerns. Weather forecasts predict less rain later this month. Because the supplies are tight and demand is strong, basis bids are higher. However, USDA staff in Beijing forecast Chinese import next year at 67.5 mmt, less than official USDA forecast at 69mmt. July soybean futures gained 1.75 cents to $15.1250 /bushel versus close on Tuesday, whereas July soyoil advanced 0.19 cents to 49.00 cents/pound; July soybean meal skidded $0.5 to $451.3/ton. November soybean futures increased 7.5 cents to $ 12.9725 per bushel.
Market Info

Biological nematicide ready for 2014

Rich Keller, Editor, Ag Professional  |   March 18, 2013
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Syngenta recently announced a new seed treatment biological nematicide for controlling soybean cyst nematodes should be available for the 2014 production season.

“We plan to have large-scale testing in 2013 with the product being registered in 2013 for a launch in 2014. We, hopefully, will have sales starting in the fall of 2013 for planting season 2014,” said Rex Wichert, head, soybean portfolio, Syngenta.

The new product is being described as a biological nematicide. “It is a bacterial spore, and it actually attaches to the nematode and grows inside the nematode and results in the nematode’s death,” said Wichert. The extensive field testing/demonstrations will show a high percentage of death of the nematodes when they come into contact with the nematicide, he said.

The need for an effective soybean cyst nematode product beyond what is available today is undeniable. As Wichert said, “It is one of the largest unresolved yield losses in soybeans, and currently the only control of this pest is by planting resistant varieties of soybeans.” Additionally, cyst nematodes are “challenging the resistance in some soybean varieties.” Syngenta is going to promote the nematicide for use in compliment with soybeans that have some soybean cyst nematode resistance.

The nematicide will be launched as a seed treatment in the Syngenta soybean seed treatment packages along with fungicides and insecticides.


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