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CAFTA Applauds Progress In CETA Negotiations

 
 
The executive director of the Canadian Agri-Food Trade Alliance (CAFTA) says the entire agriculture sector will benefit from a free trade deal between Canada and the European Union.
 
Claire Citeau, who was on the ground in Brussels this week, notes the beef sector will be one of the biggest benefactors, with expected incremental benefits of up to $600 million per year.
 
It appears the CETA agreement will be moving forward after Belgium was able to reach a deal with the holdout region of Wallonia.
 
Citeau was disappointed with how the negotiations played out.
 
"Frustrations really related to the fact that they were making demands at the very last minute," she said. "If everybody was doing the same thing it'd be difficult to get any trade deal done."
 
Source : Steinbachonline

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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!