Soybean Weekly Update

ISA ELECTS NEW LEADERSHIP

Illinois Soybean Association (ISA) elected new leadership during its board meeting yesterday. Part of the new leadership is re-elected chairman Doug Schroeder, who also previously served as the organization’s vice-chairman for two years. In discussing the new strategic plan, Schroeder states, “I look forward to implementing our new mission statement as we uphold the interests of Illinois soybean producers through promotion, advocacy, and education.” To read about the other executive committee members, check out the full release here.

ISA SHARES INSIGHTS FROM VIRTUAL HILL VISITS

Last week, Illinois Soybean Growers (ISG) and American Soybean Association (ASA) board advocates met with Congressman Adam Kinzinger (R, IL-16) and Congresswoman Cheri Bustos (D, IL-17) virtually to discuss issues affecting Illinois soybean farmers in Washington. The Representatives both shared guarded optimism about the Phase 1 trade deal with China and noted recent purchases of soybeans. Additionally, both expressed their strong support for biodiesel and recognized the value that it brings to Illinois farmers.

IMPORTANT NOTICE: UNSOLICITED SEED SHIPMENTS

The Illinois Department of Agriculture (IDOA) issued a statement this week regarding reports of unsolicited shipments of seeds from foreign countries. The IDOA states, “Anyone who receives unordered seeds in the mail should contact the Illinois Department of Agriculture by emailing the following information to agr.seeds@Illinois.gov: First and Last Name, Phone Number and the number of packages received. Do not open the package, plant the seeds, or throw them out. Please keep all seeds unopened and with their original packaging and labels, including mailing labels, until further instruction is provided.” To read the IDOA’s full statement click here.

WHAT WE’RE READING THIS WEEK

This week, we’re reading an article from AgriNews titled, “Soybean Demand Linked to Economy Recovery,” which details the soybean demand growth that is expected to continue and what it means for soybean prices. According to University of Illinois agricultural economist Todd Hubbs, the demand for soybeans will have a substantial increase in the coming year due to higher consumption from expanded exports. Read the full story here.

2020 ILLINOIS SOY GROUND WORK UPDATE

In a recent piece from U.S. Soy, Illinois soybean farmer Elliott Uphoff shared a 2020 ground work update about soybean growth, crop challenges and fungicide applications on his farm. Uphoff explains the challenges soy crops faced over the past couple weeks due to heavy rains, but also highlights the recovery of the soybeans due to warm temperatures. Read about Uphoff’s plans for the rest of the season here.

DRY CONDITIONS & YIELD PREDICTIONS

Soybeans planted into dry conditions simply cannot germinate. Although that was not the case this spring, many areas now expect dry, hot weather in the forecast. CCA Soy Envoy Cody Pettit provides information on how soybeans may respond in his latest blog article. Read Pettit’s article and get the latest in-season, actionable advice at ILSoyAdvisor.com.

Q&A ON COVID-19 IMPACTS WITH NATIONAL BIODIESEL BOARD VICE CHAIRMAN

In a recent AgUpdate piece, Rob Shaffer, fourth generation farmer and second vice chairman of the National Biodiesel Board, sits down with Phyllis Coulter to discuss why biodiesel appeals to him and what led him to his career in farming. This Q&A also dives into the impacts COVID-19 have had on biodiesel and the ethanol industries. Read the full interview here.

PLANNING FOR SUCCESS: G.R.I.T.

Bob Rhea, Illinois FBFM CEO, will share thoughts on G.R.I.T. – a grind to succeed, relationships that boost performance, innovation to create solutions, and talent to perform in business and production – on Wednesday, Aug. 5 at 10 a.m. Rhea will review the current farm financial condition and provide ideas on using G.R.I.T. to win the day.  This presentation is part of ISA’s Agribusiness Management Program (AMP) summer webinar series. It’s sure to be an educational and insightful webinar. Learn more about this free session and register for the entire series at ILSoyAdvisor.com.

FIRST SOY CENTURY SPOTLIGHT: BIODIESEL

As part of their new video series, First Soy Century Spotlight, the American Soybean Association (ASA) showcases past ASA presidents and talks about ASA’s work and accomplishments throughout their 100 years. This second episode, Fueling the Biodiesel Industry, puts the spotlight on biodiesel and takes you through ASA’s relationship with biodiesel. Watch the full video here.

CDL EXTENSION REMINDER  

Due to COVID-19, the U.S. Department of Transportation (USDOT) has extended the deadlines to renew expired or expiring commercial driver’s licenses (CDL), endorsements and medical cards to Sept. 30, 2020. In Illinois, driver facilities are open as well as most doctor offices for CDL medical cards. The Illinois Secretary of State has assured there are precautions are set up at these locations to keep everyone safe and is going to continue to process farm service restricted CDLs. Visit www.transportation.gov for more information or questions.

FREE CEU OPPORTUNITIES

After the cancellation of InfoAg 2020, the agriculture conference designed for crop advisors and those who serve farmer customers, it has been a challenge for Certified Crop Advisors to find opportunities for CEUs. That is why starting next week, the InfoAg program is hosting free CEU sessions with a wide variety of topics and speakers. Click here to see the list of sessions and register.

NEW EMERGING USES FOR SOY

In a recent episode of FOCUS on Agriculture, a podcast focused on educating growers, United Soybean Board (USB) CEO Polly Ruhland discussed exciting new uses of soy. Ruhland shared that beyond animal and human consumption, there are existing and emerging uses for soybeans that are being explored for this renewable economy. Listen to the full episode here.

ASA JOINS THE BROADBAND COALITION

Earlier this month, Land O’Lakes and 48 other companies launched the American Connection Project Broadband Coalition and the American Soybean Association (ASA) is one of their newest members to continue to advocate for rural broadband access for soy farmers. The coalition advocates for public and private sector investment in order to bring high-speed internet to rural areas. Learn more about the coalition and its efforts here.

JOIN GARY SCHNITKEY FOR OUR AUGUST WEBINAR

Many landowners and farmers want to engage in more conservation practices but may not know how to start conversations. Presenter Gary Schnitkey will cover owner-tenant relationships related to conservation, nutrient management and cover crops in this Aug. 20 webinar. The information is brought to you by the Illinois soybean checkoff and Illinois Corn Marketing Board, funded by a grant from The Nature Conservancy. Learn more and register for the webinar online.

BARGE MARKET UPDATE

The Inland Mississippi River System is one of the greatest advantages to U.S. soy. It helps export large amounts of soy, making it crucial for the locking reaches to stay operational. Since the locks and dams have been around for so long, the work being done is long overdue, but unfortunately the shutdowns and slowdowns across the river can mean delays in shipping. Read more about the dam closures and what that means for barge rates here.

ILSOYADVISOR TWEET OF THE WEEK

If you find #cropproduction research to be intimidating, tune in to this #SoyPerspectives radio spot for info on a new tool. @SoyResearchInfo offers #soybean farmers one place to find useful research findings. Listen here for how to use the #SRIN tool. https://bit.ly/3eT1xCr

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