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G3 Canada Expanding Their Operation In The Prairies

The Swift Current skyline will have a new grain terminal in 2021.
 
G3 Canada announcing plans today to build two new facilities, one in Swift Current and one in Vermilion, Alberta.
 
G3 CEO Don Chapman says G3 has been steadily growing to serve some of the most productive grain-growing regions in Western Canada.
 
"We're happy to add Vermilion and Swift Current to our network and give farmers there a fast and efficient option for moving their grain to market."
 
The G3 Swift Current site is on a CP line and will be state of the art with a capacity of 42,000 tonnes, while the G3 Vermilion site on the CN line will have a capacity of 34,000 tonnes.
 
The grain terminals will also feature a loop track that will be able to load a 150-car unit train, and unload a Super-B truck in less than five minutes.
 
Pending regulatory approval construction will begin in 2020,  with completion in 2021.
 
G3 currently has high-efficiency elevators under construction at Wetaskiwin, Morinville, Carmangay, Irricana and Stettler County, Alberta. 
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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!