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MPSG Showcases Soybean Research At Portage Event

 
About 100 farmers and agronomists turned out in Portage la Prairie Wednesday for the third annual SMART (Soybean Management and Research Transfer) Day hosted by Manitoba Pulse and Soybean Growers (MPSG).
 
Laryssa Stevenson is the organization's director of research and production.
 
She explained what the event was all about.
 
"The point of the day is really to try to get some of the early research results out there to farmers and agronomists so they can start applying those results at the farm level," said Stevenson. "We want to show how that research is conducted, so they have a greater appreciation and understanding in terms of where we're at in the research process and how long it takes for some of those results to really come to fruition."
 
Source : Steinbachonline

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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!