Soybean Weekly Update

ISA CEO SHARES THOUGHTS ON HIS FIRST 90 DAYS

In an Agrinews article published this week, Illinois Soybean Association (ISA) CEO John Lumpe shared his experience during the first few months of his new role, which he assumed in February of this year. In the article, Lumpe describes how he accomplished his first 90-day-plans. For more on Lumpe’s first few months at ISA and the work he has already accomplished, read here.

ASA’S STATEMENT ON DICAMBA RULING

In response to the 9th Circuit’s decision this week to overturn the Environmental Protection Agency’s (EPA) dicamba registration approval, the American Soybean Association (ASA) issued the following statement: “The American Soybean Association (ASA) is disappointed by the 9th Circuit’s decision to overturn the Environmental Protection Agency’s dicamba registration approval. Farmers rely on EPA and the regulatory process to effect science-based determinations that allow them to use safe, efficient tools to responsibly manage their farms. ASA is reviewing the court’s decision to fully determine its repercussions on the soy industry, but regrets that the future of dicamba – a very effective weed management product when used responsibly – is on the line.”

ISA TRADE INSIGHTS

While the full impact of COVID-19 on trade, the economy, and other key sectors in our society remains to be seen, one thing is certain: soy continues to move. ISA’s trade analyst, Eric Woodie shares his insights into the continued transportation of soy and the protocols Illinois farmers have implemented to ensure business can continue. In this new article, Eric explores how the soybean industry is staying resilient during this uncertain time. Read his full piece here.

YOUR CHECKOFF PROGRAM HARD AT WORK

The Illinois Soybean Board shared how the ISA checkoff program is hard at work for Illinois soybean farmers in their recent checkoff video. The video highlights how the checkoff program is reinvested to help Illinois soybean growers become the most knowledgeable, sustainable and profitable in the marketplace. If you missed it, check it out here.

ISAP TO HOST FREE THREE-PART WEBINAR

The Illinois Sustainable Agriculture Partnership (ISAP) is hosting a free three-part online webinar series, that will explore the use of land stewardship and soil health management as tools to mitigate production and financial risks. The three-week series will be held on June 18, 25, and July 2, from 11:00 a.m. to 12:00 p.m. To register for the webinars and read the full agenda, click here.

CONSTRUCTED WETLANDS IN THE FARM BELT

The Wetlands Initiative (TWI) restores lost wetlands, but also helps build new ones. TWI works with farmers like Jim Fulton, co-owner and operating manager of Fulton Farms in Livingston Country, IL, to reduce the flow of nutrients in fertilizer from fields into local waterways by installing specially designed wetlands. Read about TWI’s Fulton Farm initiative to build a wetland in August 2018 here and more about how you can benefit from a constructed wetland on TWI’s site Smart Wetlands.

USDA REPORTS PROGRESS IN U.S. CORN & SOYBEAN CROPS

According to a new report released this week by the U.S. Department of Agriculture (USDA), the U.S. corn crop is rated higher than normal and U.S. soybeans are doing well. The report rated the nation’s soybean planting completion rate at 75% vs. a 68% five-year average. In its first grade of the season, the USDA estimates the soybean good/excellent rating at 70%. Read more about soybean and corn progress from the USDA report here.

NITROGEN & SOYBEANS

Soybeans use more nitrogen on a per acre basis than any other commonly grown crop in Illinois. But that doesn’t necessarily mean soybeans require supplemental nitrogen, according to CCA Soy Envoy Jason Boehler. Read Boehler’s latest article and get the latest in-season, actionable advice at ILSoyAdvisor.com.

USSEC AQUACULTURE EVENT HIGHLIGHTS

On May 20, the U.S. Soybean Export Council (USSEC) hosted a global event focused on the short- and long-term impacts of COVID-19 on the aquaculture supply chain. This virtual event gathered over 900 global customers and representatives from 60 different countries. If you missed the event and want to watch recordings from the sessions, register here.

IDOT WEIGHT VARIANCE EXTENDED THROUGH JUNE 28

Earlier this week, the weight variance granted by the Illinois Department of Transportation (IDOT) was extended through June 28. Haulers may carry up to 90,000 lbs. on 5 axles or an additional 12% above legal loads on fewer axles. For more information, visit the IDOT site, here.

2020 GROUNDWORK: ILLINOIS RAIN DELAYS

Illinois Soybean Board member Elliott Uphoff shared insights on 2020 groundwork in a recent article in U.S Soy. Notably, Uphoff said that he stays optimistic that good crops can still be planted this year and that despite standing water in the fields, lands are not losing any topsoil. Uphoff believes that once farmers get a window to plant, it will be a successful year. Read more about Uphoff’s thoughts on 2020 groundwork here.

USSEC HOSTS VIRTUAL SOYBEAN MEAL SEMINAR FOR INDONESIAN POULTRY FARMERS & IMPORTERS

The U.S. Soybean Export Council (USSEC) recently hosted a virtual seminar for the Indonesian poultry industry to highlight their relationship with U.S. soybean meal. Dr. Budi Tangenjaja, USSEC Technical Consultant, focused the seminar on how farmers can optimize feed costs – a particularly important consideration amid the low price of eggs during this time. To learn more about the seminar and the key messages covered, click here.

WHY PLANT HEALTH IS MORE THAN DISEASE WEBINAR – JUNE 25

Just like humans, crops are subject to daily stress due to factors in their environment. And just like humans, crops under stress will not function and perform up to their maximum potential. In the next ILSoyAdvisor webinar, brought to you by BASF, presenter Mike Probst will look at actors affecting plant health and discuss how to help mitigate negative results. Learn more and register for the June 25 webinar online.

HOW TO RUN THE FARM LIKE A BUSINESS WEBINAR – JULY 8

Good farm managers get strong yields, manage crop risk, and maintain the operation from year to year. Great ones scrutinize data, think in four dimensions, and effectively communicate their farm businesses to a variety of audiences. These are key takeaways to expect from the first webinar in ISA’s Agribusiness Management Program (AMP) summer webinar series. Kicking off the five-week series on July 8 at 10:00 a.m., finance experts Zack Carpenter and Jackson Takach from Farmer Mac will present. Register for this session and the entire series at ILSoyAdvisor.com.

VIRTUAL FIELD TRIPS WITH ILLINOIS AG IN THE CLASSROOM

Starting today, the Illinois Agriculture in the Classroom (IAITC) is offering virtual field trips every Thursday through July 28. Starting at 9 AM, join IAITC for a fun agriculture field trip each week! Visit www.agintheclassroom.org for more information and to attend.

ISA DISTRICT ELECTIONS

ISA is seeking qualified candidates to fill board seats representing Districts 1, 5, 7, 9, 12 and 13 that are up for election this year. Board members serve a term of three years and are eligible for up to two terms. Petitions are available through the Illinois Department of Agriculture in Springfield, or by contacting ISA representative Dustin Scott at scottd@ilsoy.org. Elections will be held July 7, 2020. Contact Dustin with questions.

ILSOYADVISOR TWEET OF THE WEEK

Three-quarters of the #soybean crop has been planted in Illinois and 50% of soybeans are emerged. View the full @usda_nass report here: https://bit.ly/3eQ4d3Z

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