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Market Commentary

Afternoon Comments 05/24


Soybean futures were mixed Friday, with sliding July values reflecting the cash market impact (i.e. reduced demand and active producer sales) of the recent price spike. Conversely, gains by the new crop contracts seemed to represent a reaction to the potential for slower plantings later this month. July soybean futures dove 23.25 cents to $14.7625/bushel at the Friday settlement, while July soyoil dipped 0.42 cents to 49.24 cents/pound, and July soybean meal dropped $8.8 lower to $428.2/ton.
Market Info

Kudzu and some soybeans surviving in Georgia

University of Georgia Extension  |   February 13, 2013
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click image to zoom Bob Kemerait, Ph.S., University of Georgia Extension Plant Pathologist, says that “Kudzu with active Asian soybean rust is surviving in at least Seminole, Grady and Lowndes Counties, likely elsewhere. If we do not get a killing frost and cold weather this winter, soybean rust could affect us sooner in 2013 than any of us would like. Stay tuned…"

There are also some soybean plants still surviving, see below photo of some we saw near some grain bins growing this week. Also, Mark Hanna reported that the worse weed in his wheat a couple of weeks ago was volunteer soybeans. It was a field where he had beans in last year. He says that if we had had more rain and soil moisture maybe the seeds would have rotted but they didnt and emerged and may be carrying the rust like the kudzu?

click image to zoom Here’s a photo below of a few kudzu leaves that Thomas County Agent and I found this week near the railroad tracks west of Donalsonville. We found Asiatic Soybean Rust on them.


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