What's influencing the markets?

Nov 21, 2022

The USDA's November World Agricultural Supply Demand Estimates report saw an unexpected change.

Dan Basse with Ag Resource Company says the surprise in the report was an increase in yield for US Corn and Soybeans:

"That extra supply ended up coming through in both end-use stocks and U.S. soybean. End-use stocks were up 10 per cent or 20 million bushels to 220 million bushels. The corn was still relatively tight, it was a little under 1.3 billion bushels."

Basse says they believe the larger crop is likely due to the favorable harvest weather for much of September and October.

Basse says it was a surprise to see the yield increases because any increases tend to be carried over to the final report in December.

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Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.