Please call if you would like to price direct shipments of either corn or soybeans. Corn was up some on Friday with soybeans slightly down. Overnight both are down. Small soybean exports in the US last week were reported with China cancelling large orders. South American exports are taking over early this year. Corn continues to struggle based solely on the huge crop that just came off. Wheat is being supported by the lack of Russian exports however the markets do not seem too concerned at this time with the situation in Ukraine. Basis bids are fluctuating in all three crops.
Helicoverpa armigera, a dangerous global pest that is closely related to the corn earworm, has been discovered in Puerto Rico, and experts say an invasion of the U.S. mainland is "just a matter of time."
With the markets tipping in the favor of beans, some growers are considering planting soybeans after soybeans this year, but agronomists, plant pathologists and weed scientists warn that the practice comes with a host of agronomic issues.
Researchers have developed GE wheat that yields far better under hot conditions, a wheat gene is tapped to rescue the dying American chestnut tree, and scientists identify the gene that helps plants naturally lower their arsenic levels.