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Plenty Of Pumpkins Being Harvested This Year

Manitoba's pumpkin harvest is underway.
 
Scott Friesen operates Snowland Vegetable Farms near Halbstadt.
 
"So far, so good. The weather is really helping to facilitate the harvest this year. We can go pretty much everyday without pulling or tugging anything off the field in the mud and the pumpkins come off clean and it's easier to wash."
 
He notes while yields might be down a bit, the pumpkins seem to be bigger in size.
 
"Quality is very good. The pumpkins are sized quite nicely. I'm leaving lots of smalls out there, which is normal."
 
Friesen says demand for pumpkins is a bit slower this year.
 
"So far, maybe slightly slower. I think the buyers are just a little hesitant to take in stock early."
 
He notes the uncertainty around COVID-19 and Halloween is also playing a role.
 
Snowland Vegetable Farms grows about 40 acres of pumpkins, in addition to sweet corn, carrots, beets and other vegetables. The pumpkins go to Peak of the Market in Winnipeg and are then distributed to wholesalers from there.
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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!