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Farm Organizations Take Part in Roundtable with Ontario's Minister of Agriculture, Food, and Rural Affairs

There was an agriculture roundtable in Owen Sound.
 
A dozen representatives from the local agriculture sector had a meeting on Tuesday with the Province's Agriculture Minister.
 
Bruce-Grey-Owen Sound MPP Bill Walker hosted the roundtable with the Minister of Agriculture, Food, and Rural Affairs Ernie Hardeman at St. Andrew's Presbyterian Church.
 
The purpose of the roundtable was to discuss about farmers and producers dealing with bureaucracy.
 
Hardeman says his government are already eliminating some of the red tape that farmers are facing.
 
He says while he has heard from farmers that they are pleased with what the government is doing, there is much more to do and they will continue eliminating some of those barriers.
 
Hardeman was asked about whether red tape meant cutting out regulations.
 
He says his government is committed to protecting areas like the green belt.
 
Hardeman says when no one is responding to something, that is red tape.
 
He says his government have no intention of taking out regulations to ensure safe, high quality food.
 
One of the participants of the roundtable was Brian O'Neill.
 
O'Neill is the President of the Grey County 4-H and says the roundtable was a great learning experience.
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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!