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Southeast Region Leading The Province In Seeding Report

 
Warm, dry weather recently helped to advance seeding operations, but rain in the forecast is expected to slow things down now.
 
Saskatchewan’s Cropping Management Specialist Shannon Friesen says 60% of the crop is now in the ground as compared to 30% last week:
 
"Seeding is most advanced in the southeast at 80% complete, 76% is done in the southwest; 59% in the west-central region; 53% is in the ground in the east-central region; 43% in the northwest; and 25% in the northeast," she said. 
 
Overall, the emerged crops are in good condition, although there has been some damage caused by strong winds, localized flooding and lack of moisture.
 
Friesen says about 5% of the Provincial crop will not get seeded due to wet conditions this year, while some alfalfa and canola fields may need to be re-seeded:
 
"A lot of the crops are actually still sitting in the ground and they haven't germinated or emerged or they've emerged rather patchy," Friesen added. "As well they did receive a hard frost last Thursday, so there is some severe damage to alfalfa plants, winter cereal and of course some of the canola fields."
 
Source : Discoverestevan

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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!
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