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Heat, Low Moisture Leading To Premature Harvest For Some Farmers

The combination of heat and little moisture has some farmers taking their crops off prematurely, according to Winkler-area farmer Jack Froese.
 
He has begun swathing canola already because of early ripening.
 
"We're not sure how good it will have filled in the end here. The seed size might be a little smaller which always impacts yield, but generally the crop did look pretty decent," Froese said.
 
While earlier planted crops may have had sufficient precipitation, many farms are struggling with low moisture levels.
 
"The soybeans and dry beans and corn desperately need rain; it's really dry, and the subsoil is totally deficient and the topsoil by now, as well," he said. "If you look at the stems on the corn ... a lot of them are starting to turn colour and it's very premature."
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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!