Tissue Testing Helps In Determining Hidden Hunger Potassium Deficiency In Soybeans
Potassium deficiency symptoms in soybean first appear as irregular yellowing on the edges of K-deficient leaves, typically manifesting as early as the V3 vegetative stage (three trifoliolate leaves), primarily on the lower older leaves (Figure 1). In severe K-deficient soils, symptoms often appear on the upper younger leaves during the reproductive stages (Figure 2). Early-season K deficiency symptoms are relatively easy to diagnose and manage. However, many soybean fields experience K deficiency and consequent yield losses without displaying visible symptoms until the later reproductive growth stages (beginning seed, R5 to full-seed, R6).
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U.S. Soybeans are in Better Shape Than Last Year at This Time
For the second week this growing season, USDA reported soybean ratings for top producing states. As of the week ending June 16, 70% of the country’s soybeans rated good/excellent.
According to USDA, soybeans in Louisiana rated 5% excellent, 83% good, 9% fair, 3% poor, and 0% very poor as of the week ending June 16.
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Crop Market Update: June, 2024
The 2024/25 U.S. corn outlook is unchanged relative to last month. The season average price received by producers remains at $4.40 per bushel. USDA will release its Acreage report on June 28, which will provide survey-based indications of planted and harvested area.
The 2024/25 outlook for U.S. soybeans includes higher beginning and ending stocks. Higher beginning stocks reflect reduced crush for 2023/24, down 10 million bushels on lower soybean meal domestic use that is partly offset by higher exports.
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Which States had the Highest Percentage of Soybeans in Good/Excellent Shape?
In the first report of soybean conditions for the growing season, USDA said at least 75% of the crop in these five states are rated good/excellent.
According to USDA’s Crop Progress report for the week ending June 9, Louisiana had the largest percentage of soybeans rated good/excellent, at 83%. Louisiana is the only state of the top-producing states that does not have any soybeans rated less than fair.
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Brazil Tax Change Could Make US Soybeans More Attractive
Bloomberg’s Clarice Couto reported this past Friday that “a surprising tax change in agriculture powerhouse Brazil has the potential to make soy grown in the world’s largest bean exporter less competitive with supplies from the US, according to a report from risk management firm Amius Ltd. The provisional measure, signed Tuesday by President Luiz Inacio Lula da Silva, limits the ability of Brazil’s commodity exporters and processors to monetize tax credits. To compensate, merchants will likely raise soy prices, making beans grown in Brazil less competitive with American soy, at least in the short term.”
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Soybean Request for Referendum to Begin May 2024
The U.S. Department of Agriculture (USDA) will conduct the Soybean Request for Referendum May 6 through May 31, 2024, in county Farm Service Agency (FSA) offices.
The Soybean Promotion, Research and Consumer Information Act requires USDA to conduct a Request for Referendum every five years to determine if producers want to vote on continuation of the Soybean Checkoff Program. The last Request for Referendum was conducted in 2019.
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Soybean Mid-May Planting Progress and Managing Flooded Conditions
Louisiana's soybean planting progressed well in mid-April, exceeding the five-year average. However, heavy rains in mid-May slowed progress, with only 69% planted by May 12th, 2024. This lags behind last year's 76% at the same point. An article, “The Farmer's Forecast: More Soybean Planting Delays” indicates continued rain and potential wind/hail threats.
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Market Update for Corn, Soybeans, Rice, and Cotton: May 2024
The 2024/25 U.S. corn outlook is for larger supplies, greater domestic use and exports, and higher ending stocks. The corn crop is projected at 14.9 billion bushels, 3 percent down from last year’s record as increases in yield helped partially offset decreased area. The yield projection of 181.0 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather, estimated using the 1988-2023 period.
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LSU AgCenter Intellectual Property Program Champions Innovative Solutions
Before harvested soybeans are sold, they must be graded for quality. These inspections can be inconsistent. LSU AgCenter engineer Kevin Hoffseth is working on methods to use cameras and computers to generate a more accurate analysis of soybeans.
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April 2024 Louisiana Soybean Update: Planting Progress and Replanting Considerations
Louisiana's 2024 soybean planting season had a later start compared to last year but was ahead of the historical five-year average according to the latest USDA-NASS survey as of the week ending April 7th, 2024. Recent precipitation, particularly the heavy storms on April 10th, have likely slowed planting progress and may raise concerns about stand establishment due to factors such as soil crusting, hail damage, and flooding/saturated soils.
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USDA Summary Of 2024 Planting Intentions
According to Dow Jones' survey of market analysts, USDA is expected to announce 92.0 million acres of corn plantings in 2024, down from 94.6 million acres in 2023. For soybeans, 86.3 million acres are expected to be planted in 2024, up from 83.6 million acres in 2023.
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USDA Predicts 3% Increase In Soybean Acreage for 2024
The USDA’s National Agricultural Statistics Service is predicting a 3% increase in soybean planted area for 2024, according to the agency’s annual Prospective Plantings report, which was released March 28.
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Louisiana Soybean and Grain Research and Promotion Board Seeking Nominations
A meeting of the Louisiana Soybean and Grain Research and Promotion Board (LSGRPB) has been scheduled.
The purpose for our meeting will be to review nominations to the United Soybean Board (USB). The LSGRPB nominates individuals to the US Secretary of Agriculture, USDA, for appointment to serve as a Board member on the USB.
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Louisiana Farm Bureau, LFETA Seeking Locations of Grain Bin Rescue Tubes
The Louisiana Farm Bureau Federation is working with the Louisiana Fire and Emergency Training Academy in compiling the locations of grain bin rescue tubes across the state.
Grain bin rescue tubes are specialized pieces of equipment used by first responders to help safely remove someone trapped by flowing grain inside a grain bin or other grain storage facility.
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Crop Market Update for Corn, Soybean, Rice, and Cotton: March 2024
The WASDE’s March outlook for 2023/24 U.S. corn remains relative to last month. The season-average corn price for producers has been lowered to $4.75 per bushel based on observed prices to date.
The outlook for U.S. soybean supply and use for 2023/24 also remains unchanged for March. While soybean crush is unchanged, the soybean meal extraction rate has been bumped up slightly, and soybean meal exports are mostly higher due to lower domestic use. The U.S. season-average soybean price forecast stays unchanged at $12.65 per bushel.
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