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Seeding Underway For Canadian Foodgrains Bank

Farmers have begun seeding fields for the Canadian Foodgrains Bank (CFGB).
 
Gordon Janzen is the Regional Representative for Manitoba.
 
"Seeding has been going ahead fairly well for most of the growing projects, although it was slow in getting started," he said. "It was pretty cold and some of the ground was pretty wet for a while into May but now at the end of May a lot of the projects have been able to get going."
 
Janzen says Manitoba has close to 40 grow projects (about 5,000 acres) this year, with most growing wheat, canola or soybeans. There are also a few fields of corn being grown as well.
 
One of the returning projects this year is the Scratching River grow project near Rosenort, which hasn't planted a field for a few years.
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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!