Farms.com Home   News

Bean Report - May 13

Seeding is progressing very slowly in Manitoba.
 
Cassandra Tkachuk is a production specialist with Manitoba Pulse and Soybean Growers.
 
"The early seeded pulse crops like peas and faba beans started going in the ground a couple of weeks ago and they continue into this week, possibly into the coming weeks, for different regions and depending on the weather. Daily soil temperature swings from day to night are still hovering around lower temperatures across the province. This is fine for faba beans that can germinate in three degree soil, and for peas that can germinate in five degree soil but soybeans and dry beans really prefer warmer soil."
 
Tkachuk talked about the impact of snow and frost.
 
"If the seedlings haven't emerged yet at the time of frost or snowfall, they will be safe from damage. If pea and faba bean seedlings are already out of the ground, you can feel comforted that they are tolerant to frost and they can regrow from below ground nodes. But soybean and dry bean seedlings, unfortunately they can't handle the frost."
 
She had some tips for farmers thinking about seeding soybeans soon.
 
"Research tells us that the best yield potential comes from planting during the first three weeks in May. The planting window in May for soybeans is pretty flexible. With the spring we've been having, I caution you to keep an eye on that frost risk. A good rule of thumb, is to plant within two weeks of your last expected frost and make sure that seedlings emerge into a frost free environment and you'll also want to make sure you've got warm weather coming after seeding."
Click here to see more...

Trending Video

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!