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Harvest nearing completion

The sunny dry weather is allowing producers to harvest their grain and oilseed crops without much interruption during the month of September.
According to the latest Alberta Agriculture crop report, harvest in the southern region of the province is just over 90% complete. Provincially harvest is nearly 60% complete.
A few local producers have yet to start harvest due to other work commitments or late seeding this past spring. Though rain is in the forecast for this week, most are optimistic about getting started once the forecast light rain and lower temperatures move on. later in the week when day temperatures are supposed to return back to the low 20’s C.
In the south region only late seeded crops and canola are left to be combined and only 4% of the crop is still standing. Dry peas are all harvested and the potato harvest is in progress.
According to the Potato Growers of Alberta Potato Minute report, growers that were affected by hail are working with processors to salvage as much of the crop that is possible. About 3000 acres of potatoes were damaged by the huge hail storm earlier in August, with some completely wiped out.
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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!