Wynne to be Sworn-in as Ontario Premier and Minister of Agriculture Today

Feb 11, 2013

Kathleen will appoint herself as Minister of Agriculture in swearing-in ceremony

Premier-designate Kathleen Wynne will be sworn-in on Monday, as the new Ontario Premier along with her new cabinet. Wynne has already announced that in addition to being Premier she will also appoint herself as Minister of Agriculture, Food and Rural Affairs for at least one year, with hopes of raising the Liberal profile in rural ridings, where the Liberals were wiped out in the 2011 general election.

The reaction to her unusual appointment as Minister of Agriculture has garnered mixed reaction, with some saying that this move will be good for rural Ontario with the focus of the Premier, while others are raising concerns over her being an Urban MPP from Toronto siting concerns about a potential lack of understanding or rural and agriculture issues, there is also concern that she will be taking on too much – and will not be able to focus sufficiently on critical issues.

The swearing-in ceremony will take place Monday afternoon.

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!