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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

Spraying fungicides at R1, R3 on soybean

Source: By Nathan Bestor, Daren Mueller and Alison Robertson, Department of Plant Pathology and Microbiology, Iowa State University  |   July 20, 2011
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Across Iowa many growers are starting to ask if or when to apply fungicide on soybeans in 2011. There are essentially two options being discussed. The first is to apply fungicides at R1 (flowering). This application could be tank-mixed with the last application of glyphosate. The second option is to apply fungicide at R3 during pod formation. This application could be tank-mixed with an insecticide or applied alone. Which application timing is best? Which products best protect yield?

To answer these questions we conducted soybean fungicide trials at various locations in Iowa from 2008-2010. We evaluated the yield response of soybeans to applications of a strobilurin (Headline), a triazole (Flusilazole or Domark) and a premix of strobilurin + triazole (Stratego YLD). We also assessed foliar disease severity at R5. Finally we calculated the probabilities that an aerial application of a fungicide product would “break even” at a specific site year when prices of beans were estimated at $10, $13, and $16 per bushel. The cost of fungicides was estimated using information gathered from area cooperatives and field agronomists.

Our results are summarized in Table 1. 

  • In all years, disease severity was low. 
  • Brown spot was the most common disease and was found virtually only in the lower canopy. 
  • The yield response of soybeans was greater with an R3 application rather than an R1 application. So, an R3 application of a fungicide was more likely to break even than an R1 application
  • The chance that an R3 application of a fungicide would break even ranged from 7 to 99 percent.
  • Products that contained a strobilurin as one of the active ingredients were more likely to  break even compared to a product containing only a triazole. 

click image to zoom Spray when disease could impact yield

Although these data suggest that nearly 60-70 percent of R3 applications of a fungicide containing a strobilurin at least break even, spraying when disease is present will further increase your chances of getting your money back. If brown spot remains in the lowest third of the soybean canopy – it probably will not impact yield. If the disease moves into the middle third of the canopy, brown spot can start to reduce yield. We saw this at one of our locations in 2010. At that location, the mean yield response due to a fungicide application at R3 was nearly double the responses at other locations (5-6 bu/ac vs 2-4 bu/ac).  

Resistance to fungicides reported in 2010

A caution when spraying fungicides – scout fields after applying the fungicides and look for applications that do not appear to affect disease severity. In 2010, resistance to the strobilurin fungicides (Headline, Quadris, one of two active ingredients in Stratego YLD and Quilt) in the fungus that causes frogeye leaf spot was reported in Tennessee, Kentucky and Illinois [University of Illinois].

Funding for this project was provided by the Iowa Soybean Association, Bayer CropScience, DuPont, Valent and BASF.


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