Friday, October 12, 2012

In the Grow - Q & A

Q. My mimosa tree has split down the middle of the trunk. Is there any way to save it? Or should I just take it down?

A. Split trunks are a common problem with multi-trunked species such as mimosa. Split trunk is a significant factor for a "risk tree," if it is sited where damage to humans, pets or property could occur when, or if, the tree falls. Cabling and bracing can be completed by a certified arborist to help provide structural support, but the split will still be a weak point in the tree, susceptible to disease, insect pests, decay and further splitting.  <Read More>

Weekly Outook - Corn and Soybean Prices Searching for Support

December 2012 corn futures declined by $1.44 (17 percent) from the high on August 10 to the recent low on September 28. That contract has managed a recovery of about $0.40 so far this month. November 2012 soybean futures declined by $2.85 (16 percent) from the high on September 4 to the low on October 3 and have rebounded about $0.45 since then.

Prices over the past two months for corn and the past month for soybeans appear to be in the classic “short crop, long tail” pattern where prices peak early in a year of sharply lower production and then decline in the post-harvest period as the smaller supplies get rationed and production rebounds in the following year. A change in the trend of lower prices will require an additional supply shock or evidence that supplies have not been sufficiently rationed.  <Read More>