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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Afternoon Comments 06/18


Although the U.S. soybean situation is very tight, nearby July CBOT futures declined in apparent response to an Oil World forecast of significant imports during early summer. In contrast, talk that global exports will be unable to meet demand later in the year, as well as news of a sizeable new-crop sale to China, supported the deferred contracts Tuesday. July soybean futures declined 1.75 cents to $15.1075/bushel as Tuesday trading wound down, whereas July soyoil slid 0.03 cents to 48.81 cents/pound; July soybean meal gained $2.7 to $451.8/ton.
Market Info

Five biotech soybean varieties coming soon

United Soybean Board  |   February 6, 2013
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Developing biotech soybean varieties with agronomic traits that could help farmers in the field remains a high priority of soy checkoff research. And now with the help of the soybean genome, researchers and breeders can get new varieties into the fields faster.

Here’s a look at five production-related traits that could be available to soybean farmers in the future:

Better weed control

Biotechnology has supported some weed control, but the development of different biotech varieties could help farmers keep their fields cleaner and make sure inputs go to the crop and not weeds.

Drought and flood tolerance

Research has begun to identify strains of soybeans that tolerate extreme weather conditions. With the help of biotechnology, these traits could be added to current soybean varieties.

Expanded growing area

Farmers in areas on the edge of the U.S. soybean-growing region, especially up north, could someday find themselves with varieties that grow faster and better with improved quality and higher yields. This could even lead to soybean varieties that can be productive in climates where soybeans couldn’t be grown before.

Improved disease and pest resistance

With the help of biotechnology, a single variety of soybeans may someday be resistant to several different diseases or pests. Farmers wouldn’t have to decide which disease-resistant strain to plant. Instead, they’d be able to protect fields from several all at once.

Yields, yields, yields

Every year has its own challenges. It can be difficult or even impossible to predict what these might be. A higher-yielding soybean could be the answer to many problems faced in the field.


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