Battling wheat foes - Nebraska's new hero

Jun 12, 2024

Battling wheat foes - Nebraska's new hero

By Farms.com

University of Nebraska–Lincoln addresses the threat of fusarium head blight with NE Prism CLP, a resilient wheat variety developed by researchers Katherine Frels and Stephen Wegulo. This innovation offers a lifeline to Panhandle farmers facing unprecedented fungal challenges.

Fusarium head blight poses a significant risk to wheat crops, diminishing yields and contaminating grains with harmful toxins. Unusual weather patterns in 2023 facilitated its spread in western Nebraska, prompting urgent action from researchers and growers alike.

NE Prism CLP emerges as a beacon of hope, combining genetic resistance with strategic fungicide use. Supported by federal funding, the university's research endeavors underscore the importance of proactive agricultural practices in mitigating climate-related risks.

Wegulo's research emphasizes the influence of climate change on disease dynamics, highlighting the need for adaptive strategies in agriculture. As precipitation patterns evolve, farmers must stay vigilant and leverage tools like online risk assessments to protect their crops.

Through collaborative efforts and ongoing innovation, Nebraska's agricultural community stands resilient against emerging threats, ensuring the sustainability and prosperity of its wheat industry.

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!