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Soybean growers should be out scouting for early season insect pests such as wire worms and seedcorn maggots.
 
That from Cassandra Tkachuk, production specialist with Manitoba Pulse and Soybean Growers (MPSG).
 
She notes producers should also be on the lookout for early season seedling diseases and root rot.
 
Tkachuk adds that now is the time that soybean rolling should be happening.
 
“Soybeans should be rolled immediately after seeding or within a couple of days after seeding and post-emergent rolling is acceptable when conditions are not right for rolling right after seeding,” she said. “If you must land roll when the soybeans are out of the ground, it is advised to wait until the V1 or the first trifoliate stage.”
 
Source : Portageonline

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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!