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US Soybean Condition Improves, Podding Continues

The condition of the US soybean crop has improved slightly, rising to 68% good to excellent, up from 67% a week earlier and ahead of last year's rating of 54% at the same time.

Illinois's soy crop rating jumped 3 points to 75% good to excellent. Iowa came in at a strong 74% good or excellent rating. Further east, Ohio held steady at a still respectable 63%.

Meanwhile, the development stages are progressing rapidly. The national soybean crop was 59% podding as of the end of the week, up from 44% the previous week and slightly ahead of the 56% average. The blooming stage reached 86%, surpassing the average by 2 points but trailing last year by 2 points.

Illinois's soybeans are podding at 77%, significantly ahead of the state average of 54%. However, in secondary states like North Dakota, the podding stage is lagging at 39%, well behind the average of 56%. This variability underscores the idea that, although the window for a problem with this year’s US soybean crop is closing, it is not fully shut yet. August weather remains important.

Source : Syngenta.ca

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.