AgProfessional Magazine

AgProfessional magazine is a monthly magazine that provides editorial and advertising for agronomic and business management solutions specifically to agricultural retailers/distributors, professional farm managers and crop consultants.

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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.

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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Afternoon Comments 06/18


Wheat futures rallied along with corn Tuesday. The slow pace of the winter wheat harvest indicated on the Monday afternoon USDA Crop Progress report apparently sparked buying interest, since it reminded traders that the delayed winter wheat crop could fall victim to hot, dry conditions during the weeks just ahead. Conversely, the spring wheat crop could thrive in a summery environment. July CBOT wheat climbed 7.0 cents to $6.875/bushel at its Tuesday settlement, while July KCBT wheat advanced 5.5 cents to $7.1925, whereas July MGE futures dipped 1.25 to $7.99.
Market Info

Partners to develop nitrogen use efficiency in wheat

Bayer CropScience  |   August 2, 2012
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Plant Sensory Systems, LLC (PSS) announced that PSS and Bayer CropScience have signed an exclusive license agreement in the field of improving nitrogen use efficiency and stress tolerance in wheat. Under the agreement, Bayer has exclusive worldwide rights for research and development to PSS’ proprietary Nitrogen Use Efficiency and Stress Tolerance (NUEST) technology in wheat. Terms of the agreement were not disclosed.

The accelerating growth of the population has created a growing demand for food, feed, and fiber. This demand coupled with diminishing acreage planted in wheat necessitates an increase in wheat yield per acre of land. Nitrogen-based fertilizers, while associated with boosting wheat yields, are a major cost to wheat farmers and have high environmental costs. Wheat varieties that produce more seed with less nitrogen fertilizer would significantly reduce crop-production costs resulting in meaningful savings to farmers.

“PSS has demonstrated the ability of the NUEST technology to produce more seed with less nitrogen,”said Kathleen Turano, President of PSS. “Crops with the technology also have the ability to withstand extended periods of drought. Both traits would be very beneficial to wheat farmers and consumers. We are pleased to be partnering with Bayer, a global market leader who shares our commitment to improve agricultural performance in a sustainable manner.”


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