Canadian Western Agribition Kicks-Off Today

Nov 19, 2012

Agribition Promotes Expansion and Development in Agriculture

By Amanda Brodhagen, Farms.com

The 42nd Canadian Western Agribition begins today in Regina, Saskatchewan. The premier agriculture event attracts visitors from across the country and around the globe to see the annual event first hand. Last year, the event welcomed 126,000 visitors over the week- long period and organizers expect a good turn out again this year.

The show highlights beef cattle breeds, modern agriculture technology and farming equipment - which is a must see for those involved in farming and ranching. One of the core objectives of Agribition is encouraging breeding and improvement of livestock rising, all the while engaging competition among various breeds of cattle. The purebred cattle show can be watched through live broadcast online at http://www.agribition.com/

One additional feature this year is the Grain Expo – which allows grain farmers to see first-hand the latest technologies and hear from grain industry experts. Agribition is the biggest show of its kind in Canada - hosted in Regina every year.

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!