We Haven’t Seen The End Of GMO Labelling Campaign

Jan 25, 2013

Failed California ‘Right to Know’ Campaign Says It Will Be Back In 2014

The California ‘Right to Know’ campaign, which was unsuccessful in its ballot initiative (Prob. 37) for labelling genetically engineered foods in November 2012, says that they will be back in 2014.

The campaign sent out an email to its supporters saying that they believe that their initiative failed because their opponents were able to raise more funds against their campaign, by a margin of 6-to-1.

In addition to outlining their intentions to come back in 2014, the steering committee also said that it will be heavily involved in Washington State’s new GMO proposal, along as having a watchful eye in other state legislative proposals.

Other state legislatures which have similar bills as the failed California initiative include New Mexico and Missouri. It’s also expected that Vermont and Connecticut will have similar bills introduced in the near future.

The California (Prob. 37) vote failed, but managed to secure 48.6% of the vote

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!