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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

Insecticide restrictions important as soybeans mature

Jennifer Stewart, Purdue University  |   August 16, 2012
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An early soybean harvest is fast approaching amid the worst drought in decades, making it that much more important for growers to pay attention to restrictions on use of insecticides as plants near maturity.

 

Even though soybean growers still are seeing spider mites and aphid emergence, a Purdue Extension entomologist warned against applying insecticides past the R5, or beginning seed, growth stage.

 

“Whether it’s due to spider mite damage or in combination with the drought and heat, maybe soybean fields are stressed this season and will likely see an early harvest,” Christian Krupke said. “Keep in mind that although active spider mite populations, or even bean leaf beetle leaf or pod feeding, might still be found, all insecticides have a pre-harvest interval that is stated on the label.”

 

Those intervals range from 18 to 45 days before harvest, depending on the insecticide.

 

Soybean plants begin to senesce or “shut down” once they reach the R5 growth stage, so insecticide applications are not enhancing yields at that point, Krupke said.

 

“We don’t have any mite-specific data to go on, but for soybean aphids we have not seen yield benefits when treating at or beyond R5, regardless of pest pressure,” he said. “There is nothing to be gained by wiping out insects feeding on what is essentially dying foliage - it’s not contributing anything to yield at this stage, anyway.”

 

Krupke and Purdue Extension entomologist John Obermeyer put together a table of common soybean insecticides, rate and formulation information and the pre-harvest application restrictions for the latest issue of the Purdue Pest and Crop Newsletter at http://extension.entm.purdue.edu/pestcrop/2012/issue20/index.html#late


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