Eastern Edition
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Click
here to see how DuPont can help you weather the storm.
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November 3, 2009
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A Penton Media Property
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Vol. 1, No. 10
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Click here to
see how DuPont™ Harmony® Extra SG herbicide (with TotalSol®
soluble granules) helps you stop broadleaf weeds that can reduce yield
and get your crop docked at the elevator.
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By Larry Stalcup, eWheat editor
It sounds like a broken record, but wet weather
continues to hamper harvesting – as well as wheat planting – over
much of the nation. And no reminder’s needed that weeds follow
rain no matter when it falls – and that a good weed-control program is
a must.
Texas AgriLife Extension agronomists and other crop specialists have
mapped out a guide for solid weed control in wheat.
To learn more about it, click
here
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By Larry Stalcup, eWheat editor
 A price
swing of $1.20 in less than two weeks – what gives? Economists like
Kim Anderson, Oklahoma State University grain marketing specialist, and
James Welch, Texas AgriLife Extension grain marketing specialist, see
numerous reasons why markets are so volatile. But there are also
questions as to why there was a rally to start with.
“During the week of Oct.19, the Kansas City Board of Trade (KCBT)
December wheat contract increased 40¢/bu. and the price range was
69¢,” says Anderson. “Oct. 26-30, the contract price declined 51¢
and the price range was between $5.63 and $4.99. The December contract
price is still above the $4.58 low that was set on Oct 5. The major
price factor for the $4.58 to $5.77 price increase may have been index
and hedge fund buying. The price decline may be due to producer and fund
selling.”
For more on this story, click
here
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NAWG, U.S. Wheat Adopt Policies
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 Grower-leaders from the National Association of Wheat Growers
(NAWG) and U.S. Wheat Associates have adopted numerous new and modified
policies aimed at enhancing production and marketing. Fall policy
meetings in Snowbird, UT, addressed everything from insect research to
world trade.
For more, click
here
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House Agriculture Approves Swaps Regulation
Legislation
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The House Agriculture Committee has approved
legislation that would bring unregulated over-the-counter (OTC)
products, such as swaps, under federal oversight for the first time. By
a voice vote, the committee approved an amendment in the nature of a
substitute to H.R. 3795, legislation that will increase transparency in
and strengthen the oversight of both regulated exchanges and OTC
derivatives markets.
For more, click
here
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Farmers are continuing to have a difficult time
finishing wheat planting this fall. For example, Kansas Agriculture
Statistics (KAS) reports that 80% of the 2010 wheat crop has been seeded
this fall, compared to an 89% average the last five years. Temperatures
across Kansas have been several degrees below normal throughout October.
This, coupled with above-average precipitation, has prevented many
farmers from finishing wheat planting. From Oct. 12 to Oct. 26, just 3.7
days were suitable for field work, KAS reports.
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Click here to
see how DuPont can help you weather the storm.
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13% Of 2009 Base Acres Enrolled In ACRE
Program
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USDA has released Direct and Counter-cyclical Program
(DCP) and Average Crop Revenue Election (ACRE) program enrollment
numbers, confirming expectations of relatively limited signup for the
new ACRE program in its first year. USDA says approximately 255 million
base acres on about 1.7 million farms were enrolled in the programs, and
USDA will issue nearly $4 billion in 2009 final direct payments to
eligible producers on approved contracts.
For more,
click
here
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How Wheat Works, an interactive, online
multimedia program that aims to educate users about the wheat-growing
process and wheat products’ nutritional value, has been launched by
the Wheat Foods Council. Available at www.howwheatworks.com/, the
tool allows participants of all ages to virtually grow, harvest and mill
their own kernels to create their desired wheat food.
Each of the program’s four phases – growth, harvest, milling/baking
and the grocer’s aisle – takes just a few minutes to complete, while
the program spans the course of four days.
For more, click
here
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Bill Gates Wants New “Green Revolution”
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At the recent World Food Prize Forum in Des Moines, IA,
Microsoft founder and philanthropist Bill Gates praised the work of the
late Norman Borlaug and called for a new “Green Revolution” to help
feed the poorest of the world’s poor. Gates also announced grants
totaling about $120 million to help small farmers in developing
countries such as Africa.
“In the middle of the 20th century, experts predicted famine and
starvation, but they turned out to be wrong – because they did not
predict Norman Borlaug. He not only showed humanity how to get more food
from the earth – he proved that farming has the power to lift up the
lives of the poor,” says Gates. For more on the World Food Prize, go
to www.worldfoodprize.org/.
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Take The Corn & Soybean Digest Poll
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The current poll question is: How likely is it that
you’ll harvest 100-bu. soybeans? Go to cornandsoybeandigest.com and
take the poll today. It’s fun and informative.
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Call it Internet coffee-shop talk if you want – but
by going to www.letstalkag.com/
you can post questions, comment on other posts and share your insight
and tips with other growers in forums about crops, machinery, livestock,
hog production and forages. Sign up today at www.letstalkag.com.
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Challenge Your Marketing Knowledge
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Are you a master marketer? Or, could you benefit from
learning a few marketing lessons? Either way, go to www.cornandsoybeandigest.com
and click on the Back To School graphic to take quizzes and exams from
Ed Usset, Corn & Soybean Digest marketing columnist. Back To School with
Ed Usset is designed to test your grain marketing knowledge, and will
help you learn while having fun.
Check it out at: cornandsoybeandigest.com/ed-usset/.
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Thanks For Viewing eWheat
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Our next e-Wheat is scheduled for December. If
you have any questions, comments or suggestions on the content of this
newsletter, please e-mail your editor Larry Stalcup at beef2lar@suddenlink.net. Also,
thanks to our exclusive sponsor, DuPont, for its support of this
newsletter. (View past issues of eWheat at cornandsoybeandigest.com.)
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