They really do have the whole world in their hands

Dec 12, 2014

A celebration of farmers

By Diego Flammini, Farms.com

When it comes down to it, whenever a meal is served almost anywhere in the world, a farmer is to thank. From the milk in the morning cup of coffee, the sandwich at lunch, and the Christmas turkeys that will make their way to dinner tables in a few short weeks.

The tireless work and countless hours spent in the fields by the people who work in agriculture have not gone unnoticed or overlooked. United Kingdom-based Farmers Weekly, is marking their 80^th birthday with the release of a farmer tribute video to the tune of “Whole world in their hands”.

It is similar in tone to the Farms.com video “So God Made a Farmer” released in 2011 based on the Paul Harvey’s speech to the Future Farmers of America in 1978.

The "So God Made a Farmer” speech is the basis for the Farms.com tribute, and is also the inspiration for countless others tributes and videos dedicated to people in the agricultural sector. The most recognized tribute being the 2013 RAM Truck Super Bowl Commercial of So God Made a Farmer.

As we all prepare for our holiday celebrations that likely include a great feast made possible by farmers, it seems appropriate to share all three videos.

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!