Soybean Weekly Update

ISA ANNOUNCES NEW CEO JOHN LUMPE

John Lumpe was announced as the new CEO of the Illinois Soybean Association (ISA) at the annual meeting of the members of the Illinois Soybean Growers (ISG) this week. Lumpe will be responsible for leading the state’s soybean checkoff programs and will continue ISA’s commitment to achieving maximum profitability and global competitive positioning of soy from Illinois. Lumpe remarked, “I look forward to this exciting opportunity to serve Illinois soybean farmers who are world renowned for their tremendous contributions to the agriculture industry. For more information about ISA’s new CEO John Lumpe, click here.

TAKE THIS QUICK SURVEY AND HELP ISA GROW ‘SOY PERSPECTIVES’ MAGAZINE

As an Illinois soybean farmer, we value your opinion. That is why we are inviting you to participate in a quick survey to help the Illinois Soybean Association better serve growers every day through our ‘Soy Perspectives’ magazine. Help direct the organization and take five minutes to fill out this survey.

ISB SEEKS SOYBEAN FARMERS INTERESTED IN UNITED SOYBEAN BOARD NOMINATIONS

Today, the Illinois Soybean Board (ISB) announced a search for farmers interested in filling one of the Illinois’ four director positions with the United Soybean Board (USB). Any soybean producer engaged in the growing of soybeans in the United States who owns, or who shares the ownership and risk of loss, is eligible. To be considered for the national leadership position, farmers must complete the required application and "Agreement to Serve" statement and return them to the ISA office by Monday, March 2, 2020. Visit www.ams.usda.gov/lsmarketingprograms for more information.

DEMAND FOR PLANT PROTEIN GROWS

New reports show that consumer demand for plant-based protein is growing. Nutraceuticals World recently published an article, Getting Ahead of the Curve: Perspectives on Protein — Plant-Based & Beyondreviewing various studies on how U.S. consumers add protein to their daily diets. The article referenced the Hartman Group’s Health + Wellness 2019 report finding that 60% of U.S. consumers are actively adding or increasing protein in their diets, with soy protein being viewed favorably. To read more about the report and USB’s take on it, click here.

U.S SOYBEAN CRUSHINGS REBOUND IN DECEMBER

The National Oilseed Processor Association (NOPA) issued December soybean crush and stocks data on Jan. 15. The data show NOPA member soybean processing in the third month of the 2019/20 product (October-September) marketing year totaled 4.758 million tons. Expectations for continued demand from the U.S. livestock sector is seen as lending support to domestic protein meal demand, while a shutdown at one of Argentina’s largest soybean processor since early December is likely providing an unexpected boost to potential export demand for U.S. soybean meal. To read more about these findings, visit www.ussoy.org.

CLIMATE CONVERSATION HEATS UP AT ISA INSIGHTS SUMMIT

The ISA checkoff program hosted nearly 50 attendees to engage with industry experts around climate variability at the ISA Insights Summit. The summit showcased three speakers – Jim Angel, retired Illinois state climatologist; Jill Wheeler, head of sustainable productivity in North America at Syngenta; and Pipa Elias, director of agriculture for North America at the Nature Conservancy – who all addressed the shift in climate change in Illinois over the last century and what this means for the future. For more information, visit ilsoy.org.

FIVE EASY WAYS TO USE DIGITAL AG TO IMPROVE PRODUCTION ON YOUR FARM

If you are only using your digital platform to look at yield data, you are missing out on an opportunity to make digital ag work harder for your farm. Jason Carr looks at five ways you can improve your return on investment with digital agriculture. Read Carr’s article, and get the latest local, in-season actionable advice on www.ILSoyAdvisor.com.

BIODIESEL CONFERENCE HIGHLIGHTS TWO GROWING TRENDS

The National Biodiesel Board (NBB) introduced its new strategic plan during the National Biodiesel Conference & Expo held in Tampa last month. The plan highlights growing trends in carbon and protein and sets aggressive goals to increase biodiesel production by 2030. NBB announced plans to exceed 6 billion gallons of annual biodiesel production – more than doubling current production – which will eliminate 35 million metric tons of CO2. This expansion will also come with an increased demand for fats and oils. Soybeans will play a major role in answering demand for increased biodiesel production and protein needs. Learn more about the National Biodiesel Conference here.

NREC ANNUAL SURVEY & LIVE EVENT

The Illinois Nutrient Research and Education Council (NREC) is in the process of distributing their annual survey to seek input on NREC research ideas and outreach possibilities. The survey closes on Feb. 10, at which point the NREC research committee will review the results and make decisions using this feedback as a guide. If you have a moment, fill out the survey here. NREC is also hosting a free event on Feb. 13, 2020 at the I-Hotel in Champaign (1900 South First Streete, Champaign, IL 61820) from 9:30 AM – 6 PM. For more information, click here.

2020 ILLINOIS PORK YOUTH DAY – FEB. 15

On Feb. 15, Illinois Pork is celebrating Youth Day. All youth interested in the pork industry are invited to attend and explore career opportunities in the livestock sector at this free event. Lunch will be provided, and the event will take place at the Livestock Center on the Illinois State Fairgrounds in Springfield, IL.  For more information, click here and be sure to pre-register by Feb. 7.

LEARN HOW TO REDUCE EARLY SEASON SOYBEAN RISK – WEBINAR FEB. 20

Setting up the right environment for soybeans to flourish in the early stages of the life cycle is crucial to improving yield potential. In the next ILSoyAdvisor Webinar on Thursday, Feb. 20, Victoria Kleczewski will look at different early-season diseases and insects that can affect soybean yields later in the season. She’ll also provide tips to mitigate early season risk. Learn more and register for the webinar online.

FULL AGENDA ANNOUNCED FOR ILSOYADVISOR SOYBEAN SUMMIT

The full list of speakers and an updated agenda for ISA’s annual ILSoyAdvisor Soybean Summit has been announced. Come “Say Hello” at this free one-day Summit on Tuesday, March 10 at the Crowne Plaza Springfield in Springfield, Illinois. The event will run from 7 a.m. to 4 p.m. and will feature information on a variety of topics ranging from in-season agronomics to agribusiness management practices and ag technology advancements that could help find efficiencies and increase profitability on producers’ farms. And for Certified Crop Advisers – CEU credits will be offered for qualifying breakout sessions. Visit www.ILSoyAdvisor.com/SoybeanSummit to learn more and register today.

ILSOYADVISOR TWEET OF THE WEEK:

To till or not to till? Which is best for soybean yields? For soil health?

Read how strip-till production could be an option for the future of soybean production in #SoyPerspectives. @skporter https://bit.ly/2O4sGrx

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