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2021 Manitoba Insect Summary

Manitoba Agriculture has released its Insect Summary for 2021.

Below is the report summary:

Flea beetles in canola and grasshoppers, in many crops, were major insect concerns in 2021.

Diamondback moth was a concern in canola in some regions from mid-July to mid-August.

Alfalfa weevil was a concern in alfalfa fields in some regions in mid- and late-June.

Aphids were abundant in small grains in some regions from late-June to late-July, although in some of these fields natural enemies were also abundant.

Western corn rootworm and cannabis aphid were found in Manitoba for the first time.

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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!