Farms.com Home   News

Manitoba Crop Report

Manitoba Agriculture says overall harvest is 13% complete.
 
Oilseed Specialist Dane Froese says that number is behind normal.
 
"We should expect this though, given that crops did go in a little later and we had some moisture issues and quite a number of crops were reseeded, so that does push maturity a little bit later. However, we're not in a dangerous position at this time given that weather has been cooperating and we've had a warm dry finish to much of the growing season for our early crops, so that is allowing them to come off reasonably quickly and generally with good quality and lower moisture."
 
Late-season dryness together with high heat has prompted premature ripening in some soybean and corn fields where soil moisture was low.
 
Reported wheat yields to date have been average to slightly below average, given stresses faced by all crops this spring. Oats and barley yields are average to above average.
 
Greenfeed cereal silage and straw baling is continuing.
 
Click here to see more...

Trending Video

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!