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Farmers who have been Hailed Out may Reseed This Year

Many farmers in south central Alberta are hoping they still have time to seed a new crop and harvest it this fall.
 
Many farms, from Acme down to Taber had their newly seeded crops wiped out by that massive hailstorm that struck the region, nearly 2 weeks ago. Some farms were pounded for 20 minutes with baseball sized hail that was still lying in the fields the following day. Cereal crops and canola were shredded and for some producers, its simply too late to replant. The crops that survived the damage might be suitable for feed when its finally harvested later this year.
 
Yesterday, the province announced the storm met the criteria to force payment under the disaster relief program for non-insurable damage. Northeast Calgary was especially hard hit by the storm, where damage is pegged at close to a billion dollars.
 
In the Drumheller, Three Hills area, Jared Potter, Commercial & Farm Insurance Broker with Centre Street Insurance in Drumheller, notes that he has had a couple of farmers call him about hail they received in the Three Hills area.  "We've been working with our partner Palliser on the hail insurance. Some of the farmers we've insured in the Three Hills area, sounds like it was early enough in the (growing) process that there was no real damage or reseeding done.  That's the importance of calling your broker just making sure you are properly protected."  Potter says that from their information, we get around four or five hail storms a year in our area.
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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!