Ontario’s Local Food Week June 2 -8 2014

Jun 02, 2014

Ontario’s local food week kicked off Monday June 2 across the province, celebrating the vast variety of locally grown, tasty and nutritious foods grown in Ontario communities. With the aim of raising awareness for locally grown foods, the Local Food Act was passed in 2013 and helps to bring greater access and awareness to locally grown foods in grocery stores, markets, schools and restaurants.

Starting the first Monday in June, local food week aims to showcase all the home-grown goods that Ontario has to offer, including fresh meats and cheeses, vegetables and fruits, maple syrup and more. With consumers wanting to know more about where their food comes from, it creates an ideal opportunity for people to enjoy fresh food that travels a short distance from farm to plate and encourages dialog with local producers who are happy to answer questions about their products.

With harsh winters in Canada, many foods come to us from countries with warmer climates and can often take days or weeks to reach our grocery stores, and ultimately or dinner tables. While local foods are available year round in Ontario, the summer substantially increases the choices available. Local foods not only taste fresher and better, they also help our local economies and stimulate job creation.

Check out your local farmers’ market, take a tour of a local farm, and try some locally inspired recipes this week. Like they say, Good things grow in Ontario.

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!