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Canola Challenges Discussed At Ag Days

The agronomy specialist with the Canola Council of Canada says blackleg was a problem for many growers this past year.
Speaking at Manitoba Ag Days, Angela Brackenreed said there was about 90 per cent prevalence in the fields surveyed.
She also noted that the recent discovery of Verticillium wilt in Manitoba was unfortunate.
“These are the challenges that are going to be thrown at you when you're growing a crop in short rotation,” she said. “It's one more reason for growers to practice biosecurity.”
Brackenreed noted that sclerotinia was not as high as expected this past year considering the damp and wet conditions.
Looking ahead, the Canola Council has set a goal to increase yields to an average of 52 bushels per acre, for 26 million metric tonnes of production by the year 2025.
 

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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!