Cancellation of Chlorpyrifos

Aug 17, 2018

By Bryan Jensen

Some of you have probably heard or seen popular press articles about the Ninth Circuit Court of Appeal’s order ruling that EPA must ban the active ingredient chlorpyrifos which is an active is several insecticides including Lorsban 4E, Lorsban Advanced, Cobalt, Cobalt Advanced and several generic insecticides. At this point it is very early in the process and impossible to tell what the outcome will be and how it affects us.

Currently EPA is reviewing the court’s decision and it is unknown how they will respond. EPA could appeal or decide to fully comply. Perhaps it will be something in between. I am sorry but the best thing to do, for now, is to stay tuned. The glass half-full response is that the 60-day cancellation period will get us through the 2018 Wisconsin growing season. We will just have to take a wait and see approach for next year.

For the interim, you can continue to use chlorpyrifos according to label directions. Typically, with a cancellation or tolerance revocation there is window of time where existing stocks can be used. I do not know if there will be such a window or how long that window will be open. Stay connected.

Source: wisc.edu

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Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

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