Weekly Update

Soybean Weekly Update - June 9, 2017

June 08, 2017

Illinois Soybean Growers Joins President at Infrastructure Rally

Earlier this week on June 7, Illinois Soybean Growers (ISG) President Daryl Cates joined CEO Craig Ratajczyk, Director of Issues Management and Analysis Mike Levin and Transportation Lead Scott Sigman at President Trump’s Infrastructure Week rally in Cincinnati, Ohio.  ISG was invited to the event and helped bring attention to the critical need for investment in transportation infrastructure.  A large proportion of Illinois soybean exports traverse the Illinois Waterway.  According to the U.S. Army Corps of Engineers Rock Island District, the maintenance needs of the aging river infrastructure, combined with limited operations and maintenance funding, has resulted in a primarily fix-as-fail strategy.

ISA Participates in Illinois Pork Industry Tour

ISA this week hosted part of the Illinois Department of Agriculture’s pork tour for 31 international pork producers and veterinarians from China, Colombia, Dominican Republic, Ecuador, Mexico, Myanmar and Vietnam.  The annual tour supports Illinois pork and feed exports.  The group met at the National Soybean Research Laboratory at the University of Illinois. Hog nutrition experts and ISA representatives Jered Hooker and David Headley talked about university research, swine nutrition, soybean meal and Illinois’ role as a leading soybean exporter.  Soybean meal is 70-80 percent of domestic and international crushing yield, making animal ag the top customer for Illinois soybean farmers.

ISA Hosts World Pork Expo Midwest Agriculture Tour

The ISA checkoff program this week sponsored the Midwest Agriculture Tour during the 2017 World Pork Expo.  With about 35 visitors from China and across the United States and Canada, this two-day tour explored Fair Oaks Farms in Indiana; an Iowa river barge; Brenneman Pork; JBS Feed Mill and a grow-finish operation.  ISA specifically sponsored the Mississippi River barge tour, one of the highlights of the trip.  ISA partners with the National Pork Producers Council to sponsor this ag showcase event.

Apply Now for ASA DuPont Young Leader Program

The American Soybean Association (ASA), DuPont Pioneer and DuPont Crop Protection are seeking applicants for the 2017-18 ASA DuPont Young Leader Program.  For more than 30 years, the program has identified and developed grower leaders to shape the agricultural industry.  The challenging and educational two-part training program includes an event at the DuPont Pioneer headquarters in Johnston, Iowa, Nov. 28-30, 2017.  The program continues Feb. 25-28, 2018, in Anaheim, Calif., in conjunction with the annual Commodity Classic Convention and Trade Show.  Soybean grower couples and individuals are encouraged to apply online here.  ASA, its 26 state affiliates, including the Grain Farmers of Ontario, and DuPont, will work together to identify top producers to represent their states.

ILSoyAdvisor to Host July Field Days

ISA’s ILSoyAdvisor program will host two field days in July to connect local growers with soybean experts.  Farmers can attend the July 19 field day at Moore Farms in Roseville, Ill., or the July 20 event at the Southern Illinois University (SIU) Belleville Research Center in Belleville, Ill.  Agronomy experts from Burrus Hybrids, AgriGold, Syngenta, Western Illinois University and SIU will speak about topics critical to soybean success.  Both days run from 7:45 a.m. until 1 p.m.  Registration details are here.

New Pig Barn Hosting Open House in Mason County June 15

Andy Gathman, who farms north of Easton, Ill., will open his new 2,400-head, wean-to-market pig barn to the public, June 15 from 5 to 8 p.m.  The event will introduce community members to modern pork production and include a free pork chop sandwich.  This is the first new pig barn built in Mason County in 20 years.  The barn and a cattle feed lot have allowed Andy to return to his family farm, which is located at 16143 County Road 2500 E.  Pigs in a barn like this consume more than 340,000 pounds of soybean meal a year.  For more information or directions, contact Lindsey Henson or Laura Temple.

Will Soybeans Surpass Corn in Acreage Planted This Year?

This year’s shrinkage in corn acreage due to high input costs, muddy soils and late planting could cause soybeans to surpass corn in number of acres for the first time ever.  International demand for soy, coupled with varieties that yield better in new areas, also contribute to rising soybean acres.  Read the full story on the 2017 outlook for soybeans, corn, wheat, sorghum, rice, cotton and canola here.

Will Biodiesel Demand Lead to a Soybean Price Uptick?

RaboResearch has issued a new report about how U.S. biofuel policies could affect soybean oil markets.  Steve Nicholson, senior grains and oilseeds analyst in the RaboResearch Food & Agribusiness Group, says an anti-dumping lawsuit related to Argentina and Indonesia biodiesel imports could lead to increased demand for U.S. soybean oil for domestic biodiesel production.  View a video detailing the report or download the full report here.

Consider Membership Program Options

To bring farmers the most value possible, Illinois Soybean Growers has two membership options: policy membership and informational membership.  Membership in ASA is included with both options.  Contact Judy Smith at 309-808-3612 or 888-826-4011 for more details and to join or renew. 

Become Involved: Participate in ISG’s Political Action Committee

Illinois soybean farmers are invited to participate in the Illinois Soybean Growers Political Action Committee (ISGPAC).  ISGPAC provides farmers with strong involvement in political races, and a direct pipeline to tell legislators about the issues that matter most to Illinois farmers:  transportation efficiency, expanding animal agriculture, worldwide market access support, biodiesel, trade, energy, taxes and ag research.  Farmers directly can support legislators who take a leadership role on soybean priorities and policies.  ISGPAC helps nurture those relationships and keeps key contacts in office where they work for the industry's best interests.  Visit ISGPAC or contact Judy Smith at 309-808-3612.

Tweet of the Week

As entomologists predicted, the mild winter/wet spring have created perfect conditions for early insect pressure.  Read more from @ILSoyAdvisor here: http://bit.ly/2qX4mKt


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