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2021 Cropping Alternatives now available

These crop budgets can help with any last minute crop plans that may influence seeding decisions.
 
‘Cropping Alternatives crop budgets are soil zone specific and cover a variety of dryland and irrigation crops,’ explains Manglai, production crops economist with Alberta Agriculture and Forestry.
 
‘Estimated costs for the 2021 growing season are included, but they can be modified to better represent production, prices and costs specific to a farming operation.’
 
The updated budgets are designed to assist grain, oilseed and pulse crop producers to make better crop planning decisions by using information from their own farm and soil type.
 
Manglai adds that these updates support the commitment of the ministry to the crops industry by providing decision tools that address both profit and risk management.
 
Download the 2021 Cropping Alternatives crop budgets free of charge.
Source : alberta

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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!