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Horst Welding’s Horn visits Expo for ‘industry overview’

Good to see ‘so many manufacturers come together’

By Paul Nolan
Farms.com

Steve Horn took a moment at today’s Agricultural Manufacturers of Canada Expo to point out reasons for companies to come together to benefit the industry as a whole.

The sales manager for Horst Welding and Tube-Line Manufacturing said “it’s nice to see so many people out and so many different manufacturers enjoy some time together to understand the business.”
 
Guelph’s Delta Hotel hosted today’s second annual AMC Expo. This year’s theme is based on “the evolution of sales in agricultural equipment.”
 


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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!