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Ag Youth Council Launched

Minister of Agriculture and Agri-Food Marie-Claude Bibeau launched the application process for a first Canadian Agricultural Youth Council.
 
The group of young Canadians will provide advice on agriculture and agri-food issues that matter most to them, everything from sustainable agriculture, market diversification and innovation, to the digital shift, intergenerational transfers and mental health.
 
The young women and men in Canada’s agriculture and agri-food sector have a valuable perspective on the challenges and opportunities facing them," said Bibeau. "I am very proud to be launching the first Canadian Agricultural Youth Council because we need to bring the voices of these young women and men to the table and ensure that they take part in the decisions that affect their future. I want our young leaders to share their vision with us and help implement it.
 
The Council will identify new and emerging issues, enable on-going dialogue on challenges and opportunities, share information and best practices, and provide advice on the strengths and weaknesses of policies and programs affecting the agriculture and agri-food sector.
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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!