Romney Gets Support from North Carolina Farmers and Ranchers

Sep 19, 2012

The Mitt Romney for President Campaign announced today that North Carolina Farmers and Ranchers will be backing him in the tight presidential race. This support is good news for the Romney campaign, as it will help them with reaching out to the agriculture community.

The Carolina Farmers and Ranchers feel that Romney is the best choice as Obama’s policies have cost the agriculture community job losses and not to mention have failed to give a boost to the economy. The support for Romney by the agriculture community is led by several notable leaders including, North Carolina Agriculture Commissioner Steve Troxler, Former U.S. Senator Duncan Faircloth and Former U.S. Representative and Chairman of the North Carolina Republican Party Robin Hayes. The support is comprised of an organized leadership team who will be campaigning hard over the next couple of weeks to try and win over the hearts and minds of the undecided’s and mobilize their base.

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!