Yikes! Herbicide-Resistant Weeds Discovered

Jul 12, 2012

Ontario Farmers Faced with Long List of Resistant Weeds

Farmers in Southwestern Ontario are facing a growing list of herbicide-resistant weeds. The herbicide resistance is weighing down fruit and vegetable farmers in the region. The Ontario Ministry of Agriculture Food and Rural Affairs weed specialist representative Kristen Callow spoke at the Vegetable Crop Open House at the University of Guelph’s Ridgetown Campus where she highlighted some of the growing concerns among fruit and vegetable growers. She says that the newest threats are large crabgrass in onion and carrot fields.

The threats are serious because the resistance is now found in all ‘Group One’ grass and farmers don’t have any alternatives to control the pests for the growing season. Other weeds that farmers need to be weary of are glyphosate-resistant fleabane and ragweed that can be toxic and are spreading across the province. Both weeds spread rapidly because the seeds travel on the wind. Many fruit orchards in the province are battling the weeds that are being spread through seed carry over from the wind.

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!