Parathion can still be applied by air but will only provide contact control. We have received our Section 18 for the use of Danitol 2.4EC for spider mite control on soybeans. It should be used at a rate of 16 oz per acre in a minimum of 10 gallons of water per acre. The current commodity price qoutes are bidding spot prices in many areas of the country that are at their lowest levels in 24 to 27 years, depending upon which commodity is being considered. Many farmers are beginning to think in terms of buying back some previously sold grain in the form of futures contracts or call options.
Several things have to happen before that strategy can be safely employed.
First, commodity prices must stop their downward spiral. Second, check to see if a sustained rally is expected. Using wheat as a case in point, some market analysts believe wheat prices to be at or near their bottom, yet are not prepared to forecast a sustained rally. Third, confer with both fundamental and technical market analysts before making any decision to buy paper. Taking the LDP and investing the money from sold grain in an interest bearing transaction or account may prove to be the best strategy, at least for the time being.