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FUND LIQUIDATION PUSHES SOYBEANS SHARPLY LOWER

Soybeans were sharply lower on fund and technical selling. Harvest is moving forward and while there are minor delays and some yield concerns, it is early in the process. The USDA is already projecting a very tight supply, so any cuts to yield would have an impact on demand projections, with the next set of estimates out October 12th. Export demand has picked up a little steam, but the overall pace remains behind what’s needed to meet USDA projections. Last week’s big buyers were China and Japan. China’s General Administration of Customs says August soybean imports from Brazil were 9.09 million tons, a jump of 45% on the year and nearly all of the monthly total. Soybean meal and oil were lower, also seeing fund liquidation. Domestic crush margins remain bullish.

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EP 65 Grazing Through Drought

Video: EP 65 Grazing Through Drought

Welcome to the conclusion of the Getting Through Drought series, where we look at the best management practices cow-calf producers in Alberta can use to build up their resiliency against drought.

Our hope is that the series can help with the mental health issues the agriculture sector is grappling with right now. Farming and ranching are stressful businesses, but that’s brought to a whole new level when drought hits. By equipping cow-calf producers with information and words of advice from colleagues and peers in the sector on the best ways to get through a drought, things might not be as stressful in the next drought. Things might not look so bleak either.

In this final episode of the series, we are talking to Ralph Thrall of McIntyre Ranch who shares with us his experience managing grass and cows in a pretty dry part of the province.