SO_SOYBEAN E-DIGEST_ A Penton Media Property October 29, 2009 Volume 4, Number 11 If you want to view this on the web go to: http://enews.penton.com/enews/cornandsoybeandigest/v/398 TOP BEAN NEWS --Weather, Exports Signal Bullish Soybean Market By John Pocock, Corn & Soybean Digest A slow harvest and strong export sales have been a big boost to soybean prices, says Chad Hart, Iowa State University (ISU) agricultural economist. "We've already added a good $1/bu. compared to where futures prices were in mid-October," he points out. "Right now, we are seeing the possibility of returning to an inverted market, where the price today is higher than what it is a couple months from now. Usually, that is a pretty bullish signal. It means that the market is trying to find more beans to buy, and the price is heading up. ... To view the full article go to: http://cornandsoybeandigest.com/e-digest/1028-soybean-export-market/ ---------------------------------------- ADVERTISEMENT Becker Underwood is an industry leader in bringing innovative solutions to agriculture. Whether it's the latest in multi-component growth-enhancing seed treatment products designed to increase soybean growers' yields - such as new VAULT(R) HP - or advanced inoculants, seed coatings, polymers or colorants, Becker Underwood is "always innovating." http://www.beckerunderwood.com/en/home ---------------------------------------- BEAN BRIEFS --Storing, Drying and Handling Wet Soybeans Source: University of Minnesota Extension Soybean moisture levels of 16-20% or more at harvest have been reported throughout the state as this challenging harvest season continues. If storage temperatures are below about 60_ F, soybeans at 13% moisture can usually be kept for about six months without having mold problems. At a higher moisture content, how long can soybeans be stored before mold becomes a concern? To view the full article go to: http://cornandsoybeandigest.com/soybeans/1023-storying-drying-soybeans/ ---------------------------------------- ADVERTISEMENT New VAULT(R) HP from Becker Underwood is a biological-based, multi-component growth-enhancement system for soybeans. Along with the highest rhizobia count and lowest application rate around, new VAULT HP also contains a patented growth promoter and a powerful biofungicide component to improve the soybean yield potential of every field you plant! http://www.beckerunderwood.com/en/home ---------------------------------------- --NDSU Offers Soybean Drying, Storage Advice Source: North Dakota State University A challenging soybean harvest is creating many questions related to storage and drying, according to Ken Hellevang, agricultural engineer with the North Dakota State University Extension Service. Soybeans at 11% moisture have similar storage characteristics to wheat or corn at 13% moisture, so an allowable storage time chart for cereal grains can be used to estimate allowable storage times for soybeans. For example, soybeans at 18% moisture would be similar to cereal grains at 20% moisture, so soybeans would be expected to have an allowable storage time of about 50 days at 50_ F. The allowable storage time is reduced to 25 days at 60_ F and extended to about 90 days at 40_ F. To view the full article go to: http://cornandsoybeandigest.com/soybeans/1021-ndsu-offers-advice/ --Field Guide Shows Soybean Damage Source: Mississippi State University Inconsistencies in soybean grading last year led the state's soybean industry to take steps to educate producers and grain elevator staff on how to determine the kind and amount of damage soybeans have. Industry supporters developed the Mississippi Soybean Producer's Field Guide to Soybean Damage as a handy, pocket reference for producers. To view the full article go to: http://cornandsoybeandigest.com/news/1020-soybean-damage/ --Soybean Checkoff Provides Certification of SCN Resistance Source: United Soybean Board Soybean cyst nematodes (SCN) rob U.S. soybean farmers of between 100 and 150 million bushels of yield, depending on the year, more than any other disease or pest, according to a soybean-checkoff-funded survey. The checkoff collaborates with researchers like Terry Niblack, University of Illinois, to verify SCN resistance in seed varieties. At the urging of the United Soybean Board (USB), Niblack, along with other Illinois researchers, began industry collaboration in 2007 to determine the ideal standards for SCN resistance. To view the full article go to: http://cornandsoybeandigest.com/e-digest/1028-soybean-checkoff-certification OFF THE STEM --Biodiesel Returns More Energy To Earth Than Ever Source: National Biodiesel Board Biodiesel is better than ever at harnessing the power of the sun and turning it into fuel. In fact, a study shows the fuel is returning more than four times the energy that it takes to make biodiesel. Newly published research from the University of Idaho and U.S. Department of Agriculture shows that for every unit of fossil energy needed to produce biodiesel, the return is 4.5 units of energy. This energy-in, energy-out ratio is "energy balance." Biodiesel made from soybean oil has a high energy balance because the main energy source used to grow soybeans is solar. To view the full article go to: http://cornandsoybeandigest.com/e-digest/1028-biodiesel-returns-energy/ --Winter Biodiesel Blending Guide Available Source: Minnesota Department of Agriculture In May, Minnesota became the first state to blend 5% biodiesel into its diesel fuel. While experience has shown biodiesel blends can perform well in cold weather, questions continue to be asked about cold-weather performance. As winter approaches, the Minnesota Department of Agriculture (MDA) and the Minnesota Department of Commerce are offering a technical guide designed to help biodiesel users avoid problems. The guide was prepared by independent experts working with the Technical Cold Weather Issues Team set up by the two agencies to study the issues related to biodiesel and cold-temperature use. To view the full article go to: http://cornandsoybeandigest.com/e-digest/1028-winter-biodiesel-guide/ --U.S. Farmland Values Are Declining By Liz Morrison, Corn & Soybean Digest After climbing by double digits for the previous three years, U.S. farmland values fell 4% last year. It's the first drop since 1987, the USDA reported in August. In the Corn Belt, average cropland value fell by $160/acre to $3,870/acre, according to the Agriculture Department's annual survey, which reported land values as of Jan. 1, 2009. Values in the Northern Plains and the Delta rose slightly. Midwest land values continued to soften in the first half of 2009. To view the full article go to: http://cornandsoybeandigest.com/ag-issues/1001-farmland-values-decline/ --Tips For Farmers When Writing Cropland Rental Leases By Jen Bennett, Corn & Soybean Digest In a perfect world you'd own all the land you needed to support your farming operations. But there's no perfect world, so thank goodness for those who have land to rent to satisfy that need. Renting land can be a simple, painless process if you have a strong lease. Here are some tips to help you determine what you should definitely be including in that agreement. To view the full article go to: http://cornandsoybeandigest.com/ag-issues/1001-negotiating-leasing-basics/ SOY POD EXTRA --CSD Is On Facebook And Twitter Source: Corn & Soybean Digest Join Corn & Soybean Digest on Facebook. Our page features photos from trade missions and from readers, along with updates when there is a new quiz or new information corn and soybean growers need to know. Go to www.facebook.com (http://www.facebook.com) and search for Corn & Soybean Digest. We're also on Twitter, and would love to have you as a follower. Go to www.twitter.com/csdigest (http://www.twitter.com/csdigest) to follow us. --Challenge Your Marketing Knowledge Source: Corn & Soybean Digest Are you a master marketer? Or, could you benefit from learning a few marketing lessons? Either way, go to www.cornandsoybeandigest.com (http://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. 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