Weekly Update

Soybean Weekly Update - May 5, 2017

May 05, 2017

Soybeans Buoy Illinois Economy as Second Highest Export

Soybeans became the second highest export from Illinois in 2016, according to the U.S. Cencus Bureau. The soybean export value to the state of Illinois increased 53 percent from 2015. About 60 percent of the soybeans grown in Illinois are exported each year.  Soybeans have been a top-five Illinois export for the past five years, but the significant growth in export value reflects ongoing efforts to promote Illinois soy and its strategic transportation infrastructure advantages.  In 2016, the value of Illinois soybean exports grew to within $500 million of the top state export, petroleum-based oils.  U.S. Census Bureau export data estimate the value of 2016 whole soybean exports at nearly $2.4 billion.  Adding the value of exports of soybean meal, soybean oil, seed and other soybean products, the estimate increases to nearly $2.6 billion.  The data do not account for Illinois soybeans commingled with soybeans from other states at consolidation points along or across state lines before being exported.  Altogether, Illinois soybean export value likely totals about $3 billion annually.  
 

NBB Outlines Top 10 Reasons to Use Biodiesel

The National Biodiesel Board (NBB) lists 10 reasons why biodiesel is a great fuel choice:
  • Biodiesel is America’s first domestically produced, commercially available Advanced Biofuel.
  • U.S. biodiesel reduces lifecycle carbon emissions by more than 50 percent compared to petrodiesel.
  • Biodiesel has the highest energy balance of any commercially available fuel.
  • Biodiesel is produced from a variety of renewable resources, including soybean oil.
  • Biodiesel production reduces U.S. dependence on foreign oil.
  • It is biodegradable, non-toxic, burns much cleaner than petrodiesel and is better for your health.
  • Biodiesel helps the U.S. economy and improves the balance of trade.
  • Using biodiesel is easy.  B20 and lower blends are a drop-in replacement for petrodiesel and can be used in any diesel vehicle without modification.
  • Production is guided by stringent ASTM fuel specifications developed through years of testing.
  • The biodiesel industry has an excellent fuel quality program called BQ-9000 www.bq-9000.org.
For more information, click here.
 

Illinois Farm Families Begins Conversation about GMOs

Illinois Farm Families has launched "The GMO Disconnect" campaign, and through June will continue the conversation about what GMOs are and why consumers don’t need to fear them.  Supporting the conversation on www.WatchUsGrow.org are perspectives from a dietitian, farmer and past City Mom who toured Illinois farms, a video, blog posts and social media content.  Farmers are encouraged to join the conversation on Illinois Farm Families’ Facebook and Twitter pages and follow along on Instagram
 

ISA Connects with Others to Protect Animal Ag

As a member of the Animal Agriculture Alliance, ISA attended the group’s annual stakeholders summit this week.  The conference brought a wide group together, from farmers to food processors, focused on how all facets of the industry can connect and work together to protect the future of animal agriculture.  The industry faces serious challenges, but working together to find solutions is critical for the top market for Illinois soybean meal.  For meeting highlights, contact Laura Temple.
 

Last Chance to Request Petitions for District Director Elections

Petitions are available for growers interested in running for open director positions with the Illinois Soybean Board (ISB).  Petitions can be obtained from the Illinois Department of Agriculture, local University of Illinois Extension offices and the ISB office.  Petitions must be filed by May 15, 2017.
 
Six Illinois districts will hold director elections this year:
District 1:      Boone, Carroll, DeKalb, Jo Daviess, Lee, Ogle, Stephenson, Winnebago
District 5:      Fulton, Knox, Marshall, Peoria, Putnam, Tazewell
District 7:      Ford, Iroquois, Vermilion
District 9:      Cass, Logan, Mason, Menard, Morgan, Sangamon
District 12:    Calhoun, Greene, Jersey, Macoupin, Pike, Scott
District 13:    Bond, Fayette, Marion, Montgomery
 
Due to the tenure provision, as specified in the soybean checkoff program, the director in District 13 (Gary Berg, St. Elmo, Ill.), is not eligible for re-election.  The directors presently serving in District 1 (Paul Rasmussen, Genoa, Ill.), District 5 (Stan Born, Dunlap, Ill.), District 7 (Tom Kentner, Danville, Ill.), District 9 (Carrie Winkelmann, Tallula, Ill.) and District 12 (Roberta Simpson-Dolbeare, Nebo, Ill.) are each eligible to serve another three-year term. To be eligible to serve as a director, a candidate must be an Illinois resident and a resident grower of the district he or she seeks to rtepresent, of legal voting age and be a contributor to the soybean checkoff. Petitions filed with the Illinois Director of Agriculture must contain signatures of at least 250 or five percent, whichever is less, of the qualified producers from the same given district in which the candidate is seeking office. 

Any person deciding to run as a write-in candidate must also meet eligibility requirements, and submit a Declaration of Intent from the Illinois Director of Agriculture no later than 5 p.m., June 30, 2017. Elections will be held at county extension offices in the districts where vacancies exist on July 6, 2017.
 

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.
 

Your Best Source of Soybean Management Information

ILSoyAdvisor.com continues to be your best source of soybean management information.  It provides one place to gather the latest local soybean intelligence.  The online resource includes tools, podcasts, webinars and articles with local tips and recommendations. Too busy to visit ILSoyAdvisor.com?  Sign up for the weekly newsletter to get the latest updates in your inbox each Thursday.
 

Enter the 2017 Yield Challenge and Find Your Edge

Illinois soybean farmers are encouraged to “find their edge” with the 2017 ILSoyAdvisor.com Yield Challenge contest that kicked off this month.  Farmers can enter the 100-Bushel Challenge, Crop District Contest or Side-by-Side Contest.  New this year is a Double-Crop Yield Contest.  There is no early entry form nor entry fee for 2017.  Details can be found here.
 

Tweet of the Week

How do soybean seed treatments perform on late-planted soybeans?  Learn more here: http://bit.ly/2oEaOF0