August 2018 08/28/18 11:21:44 AM|
Thank you for taking time to read our newsletter. We have put together some timely thoughts and hope it helps you to make good decisions to help your operation.
Newsletter – August 2018
A Newsletter From Your Local Independent Grain Elevator and Crop Inputs Supplier
At the time of writing, most of us have experienced our crops being drought-stressed sometime through the summer – some areas have certainly been drier than others. Overall, wheat yields were good considering the weather … the good thing is prices rallied nicely! Corn and beans are coming along nicely, although a cloudy August has maybe taken a few bushels off the top but overall the crop looks good.
Well, the July crop USDA crop report set the tone for the trade -- good supplies of soybeans but wheat and corn supplies could drop a bit. Now the focus will be on weather and how big or small the crop will be. As we saw, prices dropped accordingly – with a lot of volatility. Have prices stopped dropping? Will they go higher? Nobody knows for sure. What we do know is wheat pricing opportunities for now and the next couple of years are good … it doesn’t hurt to lock in some of this pricing. Supplies of soys are good however, if the tariff spat with China gets sorted out, we could see a little bump up in pricing. Corn supplies are adequate, US weather seems good which will likely put a lid on prices … although demand is good which should be supportive. There will be opportunities to price on some rallies. Hopefully, you have done some forward contracting on beans and wheat … and consider some corn as well. With big soybean supplies, the US may plant more acres of corn next year – good for buyers…But not so good for sellers! If the Canadian dollar trends lower, this certainly helps us vs our friends in the US.
NonGMO/ IP Soybeans
With the premiums offered for Non-GMO soybeans, you want to do things right to capture the premium. Just a reminder to get the best premium, quality will have to be very good this fall in order for you to take advantage of these premiums!! Make sure you do a great job of weed control, spray for diseases and insects as needed in order to maintain quality soybeans! Contact us for Pre-Harvest weed control choices. Finally, make sure you are patient at harvest; tolerances of mud-tagging and staining will be very tight!! Patience is easier if you have your own combine, but if you have custom harvesting done keep in contact with him to make sure they know you have IP beans and making sure equipment is clean and non-GMO free! Moisture tolerances are also different for different varieties of IP beans as well… make sure you know!! Communication with everyone is key!!
Think Clean, Think Quality and Think about Communication … this will increase your chances of success!!
Pioneer Summer Update
Mr. Jim Coffey will officially be retiring at the end of August and Karin Younghans will be taking over the role of the Account Manager for this area. Karin joins Pioneer after holding a similar position for Dow Seeds. We welcome her to Pioneer!
Merger Update: Dow and DuPont have merged forming the company Corteva Agrisciences. Pioneer Hi-bred is owned by Corteva Agrisciences but still will be the Pioneer brand.
Soil Testing and Fall Fertilizer
Soil testing after wheat comes off presents a favourable time to see where your fertility levels are at. It allows for a wider window of application to get fertilizer on, and apply P & K based on specific field’s needs. It also helps build a plan for the following years within the rotation. The fall fertilizer application may be the time to ‘top-up’ and build the soil for the next 3 years. Invest and Plan ahead!!
Fall Weed Control
Fall is a great time to get tough annual and perennial weeds under control. Weeds such as thistles, Canada fleabane, chickweed, dandelion, bluegrass and twitch are best to be knocked down in the fall when you have the chance. Spraying the fields with Roundup is an option to knock the weeds down. Tank-mixing with Eragon, dicamba or 2,4D also works well if you are worried about glyphosate resistant Canada fleabane and tufted vetch.
Some growers are spraying fall planted wheat as well to get ahead of weeds like dandelion and chickweed. It is important to get out and scout the fields before you spray to know what is there. You can save up to 4 bu/ac if you are able to have better control of the weeds in the fall. It pays to stay ahead of weed problems.
Pre-Harvest Burndown Tips
A pre-harvest burndown in soybeans does not speed up the maturity or dry down of soybeans, rather we use it to dry out green material to help with harvestability. If applied too early there may be a negative effect on yield and quality. The appropriate product needs to be selected based on what weeds you are targeting and application timing. Roundup is the product of choice if you are going after perennial weeds. The cooler days in the fall will trigger the plants to move sugar into the roots. This will also move the Roundup into the roots, getting a better kill on those tough perennial weeds. If you are targeting annual weeds, it would be beneficial to tank mix Roundup with another desiccant like Eragon to quicken the herbicide activity.
Application Timing is key to make sure yield losses do not occur and chemical residues are not taken into the seed. The appropriate time to spray is when 90% of the soybean crop has change colour. The seed should also be yellow in colour and separated from the pod.
With soybean harvest quickly approaching, time to start thinking about ordering your certified wheat seed for the fall. We have a good supply of the older varieties; 25R34, 25R40 and 25R46. Yield leading 25R40 is a shorter wheat, with good leaf disease tolerance. The watch-out its higher susceptibility to fusarium, not an issue if you manage it accordingly. 25R46 has better resistance to fusarium, the watch-out with this variety is with stripe rust. Again, generally not an issue if you manage the wheat with a T1 fungicide. 25R34 is still a strong option, showing an advantage on tougher or later planted ground. It has a great winter-hardiness rating! The new varieties, 25R74 and 25R61 have done well this summer in test plots and side by side trials. Both have comparable yields, doing competing against the older varieties. 25R74 is short, comparable in height to 25R40. 25R61 is taller, but both have good fusarium and stripe rust tolerance.
Call Brad, John or Marinda for more information about the products. Please place your order by September 5.
Top Wheat Planting Tips
Chemical Jug and Seed Bag Returns
- Planting Date and Seeding Rate: Cereal crops are very responsive for planting date. The optimal planting dates for the majority of Wellington County and the North end of Waterloo County is about September 15-20. Starting seeding rates should be around 1.4 million seeds/ acre. Planting wheat early can increase the risk of lodging and snow moulds. A good starting point is to start at about 1.4 million seeds/acre. Planting wheat late will reduce fall tillering; so start increasing seeding rates early Oct up to about 1.8 million by mid- Oct is a good guideline.
- Starter, Starter, Starter! – Starter fertilizer placed with the seed is very effective with winter wheat. On average, we can pick up 8-10 bu/ac with dry starter fertilizer over no starter. Next best is liquid starter which is about 4 bu advantage over no starter.
- Seeding Depth: Soil moisture is key – plant into moisture. Ideally, wheat should go in the ground around 1- 1 ½ inch. Deeper planting could cause a delay in emergence, shallow planting discourages the development of the secondary root system, which helps wheat overwinter and through heaving in the spring.
As we are getting closer to the planting and spraying season we would like to remind growers we can recycle chemical jugs and seed bags.
- Chemical Jugs are required to be triple rinsed, labels and caps removed and placed in specific clear chemical jug bags.
- Seed bags must be completely empty (bulk bags, paper or plastic) and placed in specific clear seed bags. If you are returning large bulk seed bags please neatly fold them and tie them in bundles of six.
“The best piece of safety equipment is the one between your ears. A reminder to think before you act as we head into a busy harvest season.”
Wishing everyone a safe harvest! Thank you for your business!!