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Ag Minister Stewart Continues To Oppose Carbon Tax

 
A motion introduced yesterday into the Saskatchewan legislature was geared at sending a clear message to Ottawa about Saskatchewan’s opposition to the national carbon tax.
 
Agriculture Minister Lyle Stewart says the national carbon tax would add substantial costs for Saskatchewan’s producers.
 
"A smallish farm of 2,500 acres would be $10,000, now it might be more, some estimates have gone between $4 and $6 an acre," he said.
 
"That is on the low side, is $10,000 it could be $12,000 for a farm that size. If you double that, you get into an average commercial sized farm around 5,000acres. Then it is $20,000-$30,000 per year."
 
Stewart added the tax will have a devastating effect on the ag sector and the economy as a whole.
 
"We have said that we would introduce when our economy was stronger, some more reasonable level of carbon levy on major emitters and all of that fund would go into new technology like what we have built at the Boundary Dam 3," he said.
 
Source : Discoverestevan

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!