Weekly Update

Soybean Weekly Update - January 5, 2018

January 05, 2018

Still Time to Register for Jan. 11 ILSoyAdvisor Soybean Summit

There is still time to register for the 2018 ILSoyAdvisor Soybean Summit, which will provide tips to build bigger yields and better profits. The event will be held Jan. 11 at the Wyndham Springfield City Centre in Springfield. Farmer will learn about the latest technologies and management to shatter soybean yield barriers, including boron use, a risk management and commodity outlook, and habits of financially resilient farmers. Certified Crop Advisers (CCAs) may earn up to seven hours of continuing education units (CEUs) for individual breakout sessions. Attendance is free and includes complimentary breakfast and lunch. View the agenda and register online or by calling 888-826-4011.

New Rules May Affect Soybean Exports to China

Beginning Jan. 1, soybean cargoes destined for China with more than one percent foreign material had to be labeled and could be held back for testing by Chinese officials. The new standards are the result of concerns China raised in September about weed seeds. China is the world’s largest soybean importer. About 60 percent of the soybeans grown in Illinois are exported each year. Reuters.com talked to an ED&F Man Capital Markets analyst who says reducing impurities to one percent or less could increase U.S. exporters’ costs by 15 cents per bushel, putting downward pressure on already low market prices.

B20 Club Member Touts Benefits of Biodiesel in Cold Weather

A Renewable Energy Group (REG) scientist writes about biodiesel performance in cold weather, using B20 Club member G&D Integrated as a success story. The B20 Club is funded by the ISA checkoff program. G&D Integrated, based in Morton, Ill., uses B20 in its fleet of more than 400 vehicles during the winter with no engine or gelling issues. All diesel fuels need a little extra attention in cold weather months. When managed properly, biodiesel offers the same or better performance as petroleum diesel. Read more from REG about biodiesel’s year-round fuel properties in Fleet Equipment Magazine here.

ISG Schedules Annual Policy Session and Meeting

Illinois Soybean Growers (ISG) members are invited to attend the ISG Policy Session Feb. 8 at the ISA office in Bloomington from 8 a.m.–11 a.m. The purpose of the session is to allow ISG members and the board to review current ASA Resolutions for changes and amendments that will be presented at Commodity Classic in Anaheim, Calif., Feb. 27- March 1. The resolutions are available to view here or you may contact Andrew Larson at 309-808-3612 and he will email the file. The ISG annual meeting will be held following the resolutions. The purpose is to provide reports on association activities, approve the acts and deeds of directors and staff, and to transact such other business as may properly come before the meeting. Contact Dustin Scott at 309-808-3603 by Feb. 1, if you plan to attend. 

ISA Adds Two New Staff Members

Andrew Larson has joined the ISA team as program manager for marketing and membership. He will work with the ISA issues management and strategic market development teams to promote and enhance the value of Illinois soybeans to the world market. He also will manage the ISG membership program and coordinate the ISGPAC. Larson previously worked for the Illinois Farm Bureau in the governmental affairs and commodities division. Rachel Peabody joins ISA as senior communications specialist. She will lead internal and external communications initiatives and communicate the ISA brand to farmer, consumer, customer and influencer audiences while interacting with leaders in the ag and food industry. Peabody has worked in corn and soybean public relations, employee communications for a global equipment company and media relations in the halls of the Illinois State Capitol.

Double-Cropping Conference Offers Profitability Tactics

ISA, along with the Illinois Wheat Association, will host the second annual double-crop conference in Mt. Vernon, Ill., on Feb. 7. The one-day conference will bring growers and industry experts together to discuss challenges and tips for successful double-crop systems. Growers will walk away with enhanced knowledge for improving yield and profitability of the rotation. The informational conference will be held from 8 a.m.to 3 p.m., includes lunch and will offer 5.5 CEUs for CCAs. Partially funded by the checkoff programs, registration is $20 to cover meal costs. Register online here or by calling 888-826-4011.

Deadline Approaches for 2018 Conservation Cropping Seminars

Illinois farmers are invited to participate in one of three seminars to learn more about innovative soil and water conservation practices. The one-day seminars will feature local agricultural producers and resource experts who will share information and personal experiences about soil health improvement options, cover crop success and nutrient management techniques. The first will be held Jan. 23 in Kankakee at the Hilton Garden Inn; the second is in Olney, Jan. 24 at The Holiday; and the final is Jan. 25 in Peoria at the Holiday Inn & Suites. The deadline to register for the seminars is Jan. 15. The cost is $20 per person or $10 per student, and lunch will be provided.  Register online.

ISA Crop Sciences Scholarship Applications Available

ISA’s crop sciences scholarship applications are now available through the IAA Foundation. A listing of the eligibility guidelines and application documents are available at www.iaafoundation.org. Completed applications must be submitted online by Feb. 1. For more information, contact Angel Terrell.

Better Beans Series Offers Local Management Solutions  

The ISA checkoff program will offer local agronomic solutions to issues on your farm during a series of half-day winter meetings. ILSoyAdvisor will bring the latest management research and advice to: Jan. 30, Polo; Jan. 31, Mendota; Feb. 1, Jacksonville; Feb. 6, Altamont; and Feb. 22, Fairview Heights.  CCAs can earn up to four CEU credits for attending this event. Registration is now open here.

Winter Webinars Offer Valuable Soybean Management Tips

ILSoyAdvisor is offering a series of virtual learning experiences. Coming next month is What We’ve Learned from Nitrogen-on-Beans Research, Feb. 21, at 10:30 a.m. Tim Smith from Cropsmith and Fred Below, Ph.D., from the University of Illinois, will discuss their research on applying nitrogen on soybeans, when it makes sense to use it, the optimal timing and application rates and what role soil plays in providing additional nitrogen. One CEU in nutrient management is available. Register here. Soil Health, Soil Respiration and Nutrient Cycling will take place Mar. 7 at 10 a.m. Will Brinton of Wood End Laboratories will explain the importance of various soil tests and how they relate to overall soil health and productivity. One CEU in soil and water management is available. Register here. The Role Cover Crops Play in Soil Health session is slated for Mar. 21 at 10 a.m. Learn about the benefits of cover crops from Scott Wohltman of La Crosse Seeds. Wohltman also will discuss how growers can integrate cover crops into their operation. One CEU in soil and water management is available. Register here.

Register Now for Local Dicamba Training Sessions 

Anyone who purchases or applies any dicamba product in 2018 must be licensed by the State of Illinois as either a private or commercial applicator. Several training sessions are available throughout the state during the winter months. Each class will last approximately 90 minutes and participants will receive a certificate for recordkeeping purposes. Sign up to attend a session near you.

Spread Farm Risk While Generating Soybean Demand

After another season of strong soybean yields throughout Illinois, crop production margins remain thin. Diversifying a farm with livestock is one way to spread risk and allow a farm to support more family members. The Livestock Checklist Guide developed by the ISA checkoff program helps Illinois farmers plan for incorporating livestock or poultry into their crop farms. The video and fact sheets share considerations for starting or expanding a livestock operation. Because animal agriculture is the top consumer for Illinois soybeans, adding livestock also adds to soybean demand. Pigs eat about 74 percent of the soybean meal fed in Illinois, while cattle and poultry consume another 25 percent.

Farmer Profitability Roadshow Coming in February

Through price swings, weather concerns and everything else farmers face, some farmers achieve better profits than average. How do they do it? Join ISA, University of Illinois professor Gary Schnitkey, FBFM and other financial experts for a “Resilient Farmer Roadshow—Building Habits to Be a Successful Risk Manager.” Coming mid-February to Dekalb, Galesburg, Bloomington, Altamont and Mt. Vernon, click here for more information and registration details.

Help Lead Soybean Industry with the ISA Board

ISA will have five director positions open when the current fiscal year ends Aug. 31, 2018. The process for district director elections officially begins in April 2018. Districts with openings are District 10, representing Christian, Dewitt, Macon, Moultrie and Shelby counties; District 16, representing Clay, Edwards, Lawrence, Richland, Wabash, Wayne and White counties; and District 17, representing Jackson, Jefferson, Perry, Randolph and Washington counties. The process for at-large director elections officially begins in February. Two nominees from the application pool will be elected by a majority of soybean farmers in attendance at the annual meeting, Aug. 1, 2018, in Champaign, Ill. No write-in provision exists for at-large directors. For more information, contact Angel Terrell.

Do You Belong to the Illinois Soybean Growers?

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 the ISG office at 888-826-4011 for more details and to join or renew. 

Farmers Invited to Join 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.

ILSoyAdvisor Tweet of the Week

Wishing you a healthy and prosperous 2018. May it be filled with #soybean success. Check out the tweet here. Follow @ILSoyAdvisor on Twitter for daily soybean updates.