Soybean Weekly Update

GOV. PRITZKER ANNOUNCES $2.2 BILLION TAIWANESE COMMITMENT

The Illinois Soybean Association and the Taiwan Vegetable Oil Manufacturers Association signed a letter of intent to purchase $1.1 billion of soybeans between 2020 and 2021.On Tuesday Sept. 24, Illinois Governor JB Pritzker announced that Taiwan has made a $2.2 billion commitment to purchase corn and soybeans from states including Illinois over the next two years. The Illinois Soybean Association and the Taiwan Vegetable Oil Manufacturers Association signed a letter of intent to purchase $1.1 billion of soybeans between 2020 and 2021. To read more about the announcement visit ilsoy.org.

JAPAN TRADE DEAL LEADS TO POSITIVE OUTCOME FOR SOY

On Wednesday, Sept. 25, the White House finalized a trade agreement with Japan, a top 10 export market for soybeans. With a 63% market share, the United States is the largest soybean supplier to Japan. To read more about the announcement and how it will benefit Illinois soybean farmers, check out soygrowers.com.

ISA AT CHICAGO IDEAS WEEK

Silicon Valley may be where tech is born, but it's being grown on farms across the country. On Oct. 14, ISA is hosting a lab, Up Close with AgTech Via the Illinois Soybean Association. Attendees will see how farm drones, connected tractors, and iPhone crop management are all changing American farms today. The event will be at Humboldt Park Boathouse in Chicago from 9:30 – 11:30 a.m.. If you are interested in attending, visit chicagoideasweek.com to purchase a ticket.

ILLINOIS WATERWAY LOCKS CLOSED FOR REPAIRS

The Starved Rock and Marseilles Locks, along with the Lockport Lock, all on the Illinois Waterway are now fully closed from Sept. 20 through at least Oct. 5. This is a shift of about five weeks from the original timetable. These closures are precursors to more extensive closures, rehabilitations and repairs scheduled to start during next summer and continue into the autumn of 2020. ISA is monitoring the short-term impact of closures on local markets. For more information, check out ISA’s frequently asked questions about the U.S. Army Corps of Engineers Rock Island District’s Illinois Waterway coordinated closures projects or the U.S. Army Corps of Engineers summary.

SUSTAINABILITY SHORT VIDEOS HIGHLIGHT FARMERS AND WEATHER CHALLENGES

In honor of Climate week, which runs Sept. 23 through Sept. 29, the US Farmers & Ranchers Alliance (USFRA) has created a series of sustainability shorts featuring Jay Hill and Meagan Kaiser talking about issues in agriculture or on their farm.

Check out some of the shorts below:

THREE PHOSPHORUS TESTS & WHICH TO USE ON YOUR SOIL

Phosphorus is one of the most important nutrients for crop production, and proper management is essential for crop growth and environmental stewardship. Dave Rahe, CCA Soy Envoy, compares three different phosphorus tests – the first step in best management – and which is better for your soil conditions. Read Rahe’s article, and get the latest local, in-season actionable advice on ilsoyadvisor.com.

ILLINOIS FARM FAMILIES HOST DIETITIAN TOUR

On Aug. 27, Illinois Farm Families (IFF) hosted 19 Illinois dietitians on a tour of OSI Industries, a meat processor in West Chicago, along with four Illinois farmers to learn about food safety from farm to processing. Following the OSI plant tour, IFF facilitated an interactive food experience between dietitians and Illinois farmers representing various major commodities. Watch the short video clip here to hear questions and feedback from the tour attendees and look out for further updates from IFF throughout the year as they continue to connect with these important audiences.

FIELD TO MARKET CELEBRATES CONSERVATION LEADERS ON NATIONAL FARMER’S DAY

Field to Market is celebrating conservation champions for National Farmer’s Day on Oct. 12. Throughout the year, Field to Market’s Awards & Recognition Committee profiles farmers, including those from Illinois,  who are leaders in conservation through the Farmer Spotlight Series.

LOOKING FOR A FARMING PODCAST? USFRA’S GOT YOU COVERED

If you have not listened to USFRA’s podcast, Farm, Food, Facts, you’re missing out! About 4,000 subscribers currently tune in to the weekly podcast, which featured several dynamic guests in August and offers insights into today’s food trends and farming practices. The podcast can be found on Spotify, iTunes, SoundCloud, Stitcher and Buzzsprout, or simply ask Amazon’s Alexa to play the Farm, Food, Facts podcast. 

LAST CHANCE TO APPLY: APPLICATIONS FOR 2019-2020 YOUNG LEADER PROGRAM DUE
ISA is looking for Illinois applicants for the American Soybean Association (ASA) and Corteva Agriscience 2019-2020 Young Leader Program. The two-phase educational program is for actively farming individuals (and couples) who are passionate about the future possibilities of agriculture. Phase I of the program takes place Dec. 3-6 in Indianapolis, IN. Phase II takes place Feb. 25–29, 2020, in San Antonio, TX, in conjunction with the annual Commodity Classic Convention and Trade Show. Applicants must attend both phases. For more information or to apply online before the end of September, click here.

ILSOYADVISOR TWEET OF THE WEEK:

Fifty-three percent of Illinois’ soybean crop is coloring, compared to 92% last year and the average of 83%. https://bit.ly/2kNLsrE

See more tweets from @ILSoyAdvisor and “follow” along on Twitter.