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Government of Canada makes major investment in genomics research

Saskatoon, Saskatchewan
 
Funding supports regional Genome Centres, more than 300 genomics researchers
 
Genomics research is driving innovation across fields such as health, forestry, agriculture, fisheries and energy, leading to major developments to our economy while improving Canadians’ health and environment. 
 
That’s why, today, the Honourable Kirsty Duncan, Minister of Science and Sport, was at the International Wheat Congress, to announce $41.2 million in federal funding to support 19 research projects. An additional $75.8 million is being invested by provincial governments, business and research partners, for a total of $117 million in support for these projects.
 
The investment will support important research collaborations, including the work of Drs. Curtis Pozniak and Sylvie Cloutier of the University of Saskatchewan and Agriculture and Agri-Food Canada, who are using genomics to improve the breeding and production of wheat, a vital crop in global food security.
 
Investments like these help Canada remain at the cutting-edge of the agriculture and agri-food markets and create new and emerging opportunities.
 
Minister Duncan highlighted the Government of Canada’s Budget 2019 investment of $100.5 million for Genome Canada. This investment will enhance Genome Canada’s ability to advance the most innovative developments in genomics research and its applications.
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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!