Mild Winter Effects on Alfalfa and Hay Fields

The current mild winter has many wondering what effect this will have on pest populations in a variety of home and agricultural situations.  Dr. Lee Townsend of the University of Kentucky addressed this concern as it relates to hay and pasture production in the February 14th issue of the Kentucky Pest News.  The full newsletter and Dr. Townsend's article are available here. 

Soybean Export and Acreage Prospects Support Prices

Among the major crops, the corn market has received the lion’s share of attention over the past two months. The attention has been the result of the surprising USDA December 1 stocks estimate, adverse weather conditions in South America, the demise of the ethanol blenders’ tax credit, and prospects for small year-ending stocks. The soybean market, however, has become the focus of more attention in recent weeks.

While corn prices have declined marginally since the first of the year, soybean prices, particularly for the 2012 crop, have increased. The strength in the soybean market is being generated by deteriorating crop prospects in South America and expectations for fewer planted acres in the U.S. this year. In last week’s WASDE report, the USDA lowered the projected size of the 2012 South American crop by 215 million bushels, or 4.3 percent. That reduction comes on the heels of a 90 million bushel reduction last month. At 4.765 billion bushels, that crop is now expected to be 4.6 percent smaller than the 2011 crop and 3.4 percent smaller than the 2010 crop. While the USDA lowered the forecast of South American soybean exports by 105 million bushels, the projection of U.S. exports was not increased. Instead, both projected world imports and projected South American stocks were reduced. Nearly half of the 80 million bushel reduction in projected world imports was for China, reflecting lower than expected imports in the last quarter of the 2011 calendar year. <Read More>