Thursday,  Aug. 01, 2013 • Vol. 15--No. 18 • 4 of 29

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for the global crude oil supply in the Middle East. Libya normally produces 1.6 million barrels per day of crude oil--two percent of global oil consumption. At this level, it is the world's 17th-largest crude producer and Africa's third-largest, along with holding the continent's largest crude oil reserves. As U.S. motorists will remember, violence and instability in Libya drove pump prices sharply higher in the spring of 2011. While there is no reason to expect that current instability in the country will be as dramatic as 2011, the markets will continue to closely monitor the situation.

Soybean and Corn Disease update

• BROOKINGS, S.D. - Bacterial diseases in soybean and corn fields got a head start this growing season due to the wet spring and hail events occurring throughout South Dakota.
• "The wet spring and also a few hail events have created conducive environment for bacterial diseases to develop in soybean and corn fields," said Emmanuel Byamukama, SDSU Extension Plant Pathology Specialist.
• Several soybean fields inspected throughout the state had bacterial blight. Byamukama explained that bacterial blight is characterized by small water-soaked spots on the lower leaves. These spots later turn yellow then brown to black in the center,

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