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Seeding Progress Good In Southern Alberta

Seeding was in full swing over the past week before the rain slowed progress according to alberta agriculture.
 
Producers in the North East Region made the most seeding progress at 27 per cent, followed by the North West and Central Regions
at 22 and 19 per cent progress, respectively.
 
Seeding progress was lowest in the Southern and Peace Regions, at 14 per cent progress.
 
Provincially, as of May 26, about 80 per cent of crops have been seeded, up 20 per cent of major crops from a week ago and just behind the 5-year average of 81 per cent.
 
In the south, 97 per cent of spring wheat has been seeded, 89.9 per cent of canola, 93.2 per cent of barley and 93.5 per cent of oats.
 
A major weather system brought a significant amount of moisture to many parts of the province by the end of last week, and halted both seeding and harvesting operations across the province for a couple of days, depending on the amount of rainfall received.
 
The precipitation totaled over 80 mm through some parts of the Southern Region.
Source : HighRiverOnline

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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!