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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

Watch for charcoal rot in dry areas

Source: Carl A. Bradley, University of Illinois  |   September 14, 2011
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A soybean field with plants affected by charcoal rot. Symptoms of charcoal rot, caused by the soilborne fungus Macrophomina phaseolina, are apparent in soybean fields located in areas of the state that have been hot and dry. Symptoms in affected fields appear as individual plants or patches of wilted and dead plants. Gray to black "specks" will be apparent on the lower stems of affected plants when the epidermis is shaved off with a knife. These specks, known as microsclerotia, are the survival structures of M. phaseolina.

Management of charcoal rot requires an integrated approach. Although no soybean varieties have complete resistance, varieties can differ in their levels of susceptibility to the disease. Macrophomina has a wide host range, which includes corn, sorghum, and sunflower, so crop rotation alone may not provide complete management. Practices that reduce drought stress may help, such as avoiding high seeding rates and using conservation tillage practices that conserve soil moisture. Foliar and seed treatment fungicides do not provide protection against charcoal rot.

Dark specks (microsclerotia) can be observed inside the lower stems of soybean plants affected by charcoal rot.


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