Weekly Update

Soybean Weekly Update - January 13, 2012

January 13, 2012

Deadline Approaching:  ISA Seeks College Juniors for Crop Sciences Scholarships

The deadline for ISA's crop sciences scholarships for 2012-13 junior status students is quickly approaching.  Illinois soybean farmers are encouraged to let prospective applicants know the deadline for application is February 1.  Ten, $4,000 scholarships will be awarded to students majoring in crop sciences at Illinois State University, Southern Illinois University Carbondale, Western Illinois University or the University of Illinois.  All applicants must be students beginning their junior year or transfer students enrolling at one of the approved universities as a junior.  Guidelines, applications and an activities template are available online.  Questions may be directed to the IAA Foundation office at 309-557-2230, or by sending an e-mail to charmsgarman@ilfb.org.  Recipients will be notified by May 1, 2012.

Field to Market Releases Fieldprint Calculator

Field to Market, The Keystone Alliance for Sustainable Agriculture, has introduced a new version of the Fieldprint Calculator to help farmers identify the environmental impact of management decisions made on the farm.  The Fieldprint Calculator is an interactive online tool that explores relationships between management practices and outcomes.  Farmers can assess corn, wheat, soybean, cotton and rice operations in terms of land use, soil conservation, soil carbon, water use, energy use and greenhouse gas emissions.  The new version features capabilities to make results more accurate and consistent.  Data entry has been streamlined while adding sophistication and accuracy with the Natural Resource Conservation Service (NRCS) RUSLE2 and the NRCS Soil Conditioning Index (SCI).  Farmers can compare their Fieldprint to similar operations across the county, state and nation, through local, state and national comparisons and scenario-based options. Other new features include crop rotation inclusion, soil carbon calculations and an enterprise budget function to analyze cost savings for on-farm decisions.

Apply to See the Checkoff in Action for Yourself

Illinois soybean farmers can apply for the United Soybean Board's (USB) See for Yourself (SFY) program.  The free program will enable 10 U.S. soybean farmers to witness for themselves how soybeans are used in animal feed at home and abroad, in biodiesel, in fish farming, and even as a mainstay in a school-lunch program.  Interested Illinois soybean farmers may complete the application now through March 30 on the USB website.  The weeklong program, to be held July 29-Aug. 4, 2012, also will enable farmers to meet industry representatives using soy and those helping lead the checkoff. 

Applications Being Accepted for Illinois Ag Leadership Program

Applications are now being accepted for the Illinois Agricultural Leadership Program (IALP) Class of 2014. The 16th class will begin the leadership education and training in September 2012.  Applicants should be men and women ages 25-49 as of the date of application; work full-time in production agriculture or ag-related occupations; be U.S. citizens or permanent residents and Illinois residents; have demonstrated leadership qualities and potential; and commitment to attend all seminars, including travel.  The class is limited to a maximum of 30.  Individuals will be selected based on leadership potential, commitment to leadership and diversity in representing agriculture.  Applications are available at the IALP website.

China's Soybean Imports Fall in 2011

China's soybean imports fell 3.9 percent in 2011 to 52.65 million metric tons, marking the first decline since 2004, according to data from the Chinese government.  China's massive sales of oilseeds and edible oils from reserves last year, part of the country's efforts to control inflation, damped demand for imported soybeans.  In 2011, the government sold 1.52 million tons of edible oils from reserves; or about six percent of China's annual consumption.  China imported 6.57 million tons of edible oils, down 4.4 percent on the year.  The Beijing government also sold around three million tons of soybeans from reserves to major crushers last year in exchange for their agreement to keep edible oil prices stable.  In December, soybean imports reached 5.42 million tons, steady with 5.43 million tons a year ago. 

Soy Transportation Event Coming to Chicagoland

Illinois soybean industry stateholders are invited to participate in a soy transportation event in the Chicagoland area, sponsored by ISA and hosted by Governors State University, Feb. 15-16.  The event will feature a tour of the BNSF Logistics Park, a container transloading operation and a hands-on exporting workshop.  The second full day of the program will feature international speakers discussing soy transportation opportunities for Illinois soybean farmers.  Early bird registration is available before Jan. 31.  For more information please click here, or contact Libby Ogard at 920-217-7222 or logard@new.rr.com

Register for Commodity Classic by January 20 and Save

Registration is open for the 2012 Commodity Classic, which will be held March 1-3 in Nashville, Tenn.  The three-day event will include valuable education sessions, an extensive trade show and an opening keynote address by U.S. Secretary of Agriculture Tom Vilsack. Farmers can take advantage of an early registration rate by registering online before Jan. 20. More information is found on the Commodity Classic website.