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Crop Pest Update

Summary

Insects: Grasshopper populations are quite variable, but continue to be a problem in some areas. Higher levels are occurring in pastures in some areas, as well as cereal crops. As some preferred hosts mature or are cut populations move around, and may move into other crops. Some grasshopper control in canola has been reported. Diamondback moth has been at economic levels in some canola fields in the Eastern and Interlake regions. Spider mites are starting to be noticed on some soybeans in the Interlake region.

Weeds: Combines are starting to roll across the province, for fields that have perennial weed issues preharvest control using a systemic herbicide is an option. For other fields where quicker weed and crop drydown is wanted to facilitate harvest and storage, desiccation may be desired. Grain from crops treated with preharvest products may have market access concerns, you need to consult all potential buyers before using any preharvest product. If using generic products refer to the specific label to determine if that product is registered for the crop you are spraying.

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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!