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Growers Disappointed Supreme Court Decides Not to Hear Glyphosate Case

Growers Disappointed Supreme Court Decides Not to Hear Glyphosate Case

Agriculture groups including the American Farm Bureau Federation, American Soybean Association, National Corn Growers Association, National Association of Wheat Growers, and National Cotton Council issued the following statement regarding the U.S. Supreme Court’s decision to deny the writ of certiorari petition to hear the case Monsanto v. Hardeman, which pertains to state glyphosate health warnings:

“We are disappointed the Supreme Court has decided not to hear this case, which has significant implications for our global food supply and science-based regulation. With the conflict in Ukraine threatening food security around the world and the persistent dangers posed by climate change, too much is on the line to allow the emergence of an unscientific patchwork of state pesticide labels that would threaten grower access to tools needed for productive, sustainable farming. We will be discussing the implications of the court’s announcement and will determine what reforms may be needed to ensure a patchwork of state labels does not jeopardize grower access to these vital tools or science-based pesticide regulation.”

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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!