Magazine article Modern Trader

Beans Don't like Wet Feet

Magazine article Modern Trader

Beans Don't like Wet Feet

Article excerpt

The old timers always said "beans don't like wet feet."

This is because beans are susceptible to diseases like bacterial blight, pod and stem blight, downy mildew, phytophthora rot, sclerotinia stem root, sudden death syndrome and a myriad of others. These diseases also can cause enough plant stress to allow all other fungus related diseases to attack. While beans don't like wet feet, they don't like dry limbs for that matter either. It is well known that the critical weather time for soybeans is August when bean pods are setting and filling.

Dry or excessively hot weather can cause pre-mature death; or pods could abort, which allows the plant to send its remaining energy to fewer pods for successful seed production. Additionally, when a year starts wet and ends dry such as we have seen this year, plants are very susceptible to insect damage like Japanese beetles and aphids. And this year has been a record year for crop dusters as the insect battle has been raging in the western corn belt. When we survey fields, we can estimate a crop of 65 bushels where the plant is green. But it is impossible to adjust the yield to accurately reflect areas in a field like the one depicted above. Thus on the one hand we have the old money fundamentalists, who have been around plant genetics for a lifetime, warning that the 2008 crop could be a yield disappointment. The old money is telling use that if we want to make truck load of money, to buy the market; that's how they got all that old money. But on the other hand, the "new" money technicians are selling based on the average directional index, the money flow index, on balance volume and MACD as well as the "macro-economic liquidation" that is taking place in the market.

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The real question is how can this new money ignore the picture below and sell off? …

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