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Elie Company First To Receive Transport Canada Approval For UAV Pesticide Application

 
Aerial pesticide application by unmanned aerial vehicle (UAV) may soon be a common sight here in Manitoba.
 
ROGA Drone, based in Elie, is the first company in the country to be licensed with Transport Canada to do aerial application by UAV.
 
Owner Don Campbell says he's working with a company out of the Ukraine.
 
He explained why he decided to bring the technology to Manitoba.
 
"I originally started out looking at UAV's for NDVI (normalized difference vegetation index) mapping, photography, and stuff like that. I thought maybe that market would get flooded in a hurry. I got the idea that there might be an application, maybe for spot spraying in some fields, or possibly wider coverage."
 
The Kray protection UAV uses ultra-low volume spraying and is capable of speeds up to 110 kilometres per hour.
 
Campbell notes he's been researching drones for this application for a couple of years. He plans to do lots of testing on the product this upcoming year.
 
ROGA Drone was one of 14 exhibitors featured in the Inventor's Showcase last week at Manitoba Ag Days.
 
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!