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Market Commentary

Afternoon Comments 05/23


Soybean futures also traded weakly early Thursday morning, but later seemed to benefit from the USDA Export Sales report. Old crop sales reached 183,500 tonnes last week, while the top forecast was 100,000; new crop sales netted 838,900 tonnes, easily topping the largest estimate at 450,000. However, traders appeared much less optimistic about new crop price prospects, possibly due to ideas plantings are progressing very rapidly. The stunning reversal from noon highs may presage short-term July weakness. July soybean futures closed up 5.25 cents at $14.995/bushel Thursday after having reached $15.4675 at one point. July soyoil rose 0.02 cents to 49.66 cents/pound, and July soybean meal fell $3.6 to $437.0/ton.
Market Info

More black cutworm or soybean aphids this spring?

Chris DiFonzo, Michigan State University Extension  |   April 9, 2012
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As discussed in the article “How insects survive cold: The potential effect of a mild winter,” black cutworms don’t overwinter here, and move on weather fronts from south to north. An early warm-up in the south could increase populations in southern states, thus greater numbers of moths might be carried north next month. But that is not for certain, and weather conditions in April will play a big part in determining what moves north, and when. Our mild winter and spring play no role in that. The one way mild temperatures could contribute to black cutworm is through earlier, lusher weed growth, since moths lay eggs in weedy areas before the crop emerges. But again, weeds alone make no difference if no or few moths arrive from the south.

As for aphids, we didn’t find many eggs on buckthorn last fall, and I haven’t seen any soybean aphids yet. But buds on buckthorn were just opening last week. The newly hatched aphids are so small that they are hard to see. We will have a better idea of numbers in the next few weeks.

This article was published on MSU Extension News. For more information from MSU Extension, visit http://news.msue.msu.edu/. To contact an expert in your area, visit http://expert.msue.msu.edu/, or call 888-MSUE4MI (888-678-3464).


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