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Farm Equipment Executives Named to Iowa DOGE Task Force

According to the Iowa-based Business Record, two Iowa farm equipment executives have been appointed to the newly formed Iowa Defense of Grid and Energy (DOGE) Task Force.

Emily Schmitt of Sukup Manufacturing Co. will be chairing the committee. Brianne Schulte of Vermeer Corp. was also named to the panel. Schmitt currently serves as the Chief Administrative Officer & General Counsel at Sukup Manufacturing Co. Schulte works as the Vice President of Strategy, Risk, Information Technology & Financial Planning at Vermeer Corporation. To view the entire task force, click here.

“This task force is yet another opportunity to apply Iowa’s proven formula of asking tough questions and making bold, transformative changes,” Gov. Kim Reynolds said in a prepared statement. “I couldn’t have more confidence in the talented members of this group, under Emily Schmitt’s leadership, to build on our strong foundation and chart the course for more efficient government at all levels for Iowans.”

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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!