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Federal Government Wants Answer On AgriStability Proposal

It has been just over 110 days since the federal government made the offer to the provinces to improve AgriStability and are now asking for a clear indication from the three Prairie provinces whether they will sign on or not.
 
On November 27, 2020, the federal government proposed to eliminate the reference margin limit and boost the compensation rate to 80%.
 
At the request of Prairie Ministers, the federal government says it will convene a further federal-provincial-territorial meeting, asking the provincial ministers to bring an answer to the meeting.
 
The deadline to enroll in AgriStability this coming year is April 30, 2021.
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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!