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The Canadian Food Inspection Agency (CFIA) confirmed two more outbreaks of avian influenza in small flocks in southern British Columbia and southeastern Alberta.

A statement from CFIA said the H5N1 strain of highly pathogenic avian influenza was identified Saturday in a flock in Cypress County, Alta., and on Sunday among birds in the Regional District of Okanagan-Similkameen in B.C.

The B.C. case came one day after 4,000 turkeys on a Fraser Valley farm were due to be euthanized as avian flu was verified last week on two commercial poultry farms in B.C.’s poultry producing hub of Abbotsford.

The infection in Cypress County, near Medicine Hat, is the 29th in Alberta but the first in more than a week.

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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!