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Climate change key focus of 2022 budget

Climate change was a key focus of the Liberal's 2022 budget announced Thursday.

The government proposes to provide a further $329.4 million over six years, to triple the size of the Agricultural Clean Technology Program.

Budget 2022 also proposes to provide $469.5 million over six years, to Agriculture and Agri-Food Canada to expand the Agricultural Climate Solutions Program’s On-Farm Climate Action Fund.

The Liberals propose $150 million for a Resilient Agricultural Landscape Program to support carbon sequestration, adaptation, and address other environmental co-benefits, to be discussed with provinces and territories.

The budget also proposes to provide $100 million over six years, to the federal granting councils to support post-secondary research in developing technologies and crop varieties that will allow for net-zero emission agriculture.

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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!