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Sclerotinia Starting To Show Up In Canola

There's quite a bit of variability in Manitoba's canola crop this year.
 
Angela Brackenreed is an agronomist with the Canola Council of Canada.
 
"It really varies across the province, some of the later seeded crops are in full bloom right now where I would say the majority of the crop is coming to the tail end of flowering or fully out of flower at this point."
 
She notes most of the crop has recovered from early season insect and frost issues.
 
There is one disease concern that farmers have been dealing with.
 
"We kind of had late arrival of sclerotinia pressure this year and so I suspect that we will be seeing some sclerotinia," said Brackenreed. "Starting to see the early progression of the disease in some fields. I don't suspect it's going to be anything major, just based on conditions that we've had."
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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!