May is a busy month as fieldwork progresses and pesticide applications are a critical component for the management of most farm operations. Weeds, insects, and diseases are all best treated early in their development before there is significant damage or yield loss.
On April 19, 2021, the South Dakota Department of Agriculture (SDDA) and the Department of Environment and Natural Resources (DENR) officially began serving South Dakota as the Department of Agriculture and Natural Resources (DANR). Our mission is to protect and preserve South Dakota’s agriculture, environment, and natural resources through effective regulatory services, natural resource conservation, and financial and technical assistance. I look forward to working with you to support producers and protect our natural resources.
Soybean markets have rebounded tremendously over the first half of 2021 after an extended period that was hampered by any number of factors, from international trade conflicts to African swine fever in China to economic disruptions brought on by the COVID-19 pandemic.
The question posed in the title is one that market participants utter each year around this time. The answer to that question is usually only known several weeks or even months later when more of the marketing year has unfolded and crop size is determined. As of this writing, December corn had set at least a short-term top at $6.38 per bushel on May 7 while November soybeans put in a high of $14.61 on May 12. Seasonal tendencies can be helpful when used as a guide during times of heightened volatility like 2021 has shown itself to be.
Our name, South Dakota Soybean Research and Promotion Council (SDSRPC), encompasses what we strive to accomplish as soybean checkoff board members. Each of us is committed to helping your family be profitable growing soybeans.