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2013 Planting Report: Catching Up in the Dakotas

Corn planting is going strong in the eastern part of the Dakotas. Most farmers have anywhere from 50 to 90 percent of their crop in the ground. Some producers have seeded small grains, including wheat, and soybean planting is just getting underway.

After a very cold, late start, the weather has improved dramatically, although cold mornings still have some frost potential. Many growers are using the Case IH True-Tandem™ 330 Turbo, finding that the soil mixing action of the veined blades does an extremely effective job of aiding in soil mixing and drying.

Up until the past few days, growers have been going full force, with no previous weather interruptions which allowed many to catch up a bit from the last start. The recent rain has given producers a breather — up to this point, it was pretty high stress just trying to get the crops planted.

In my area, there are many new Case IH Early Riser® planters in operation. Case IH Early Riser planters are designed to be agronomically correct and have multiple, patented features that result in early, even emergence. A few of my early-adapting customers are hitting the fields with the new Case IH Precision Disk 500 and 500T drills to seed small grain. At the heart of the new Precision Disk drill is a completely new row unit, designed to help achieve more even emergence and improved plant stand establishment when seeding crops like soybeans, wheat, and milo.

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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!