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It's Global Bio-Tech Week!

Agriculture is a constantly evolving industry.
 
In proclaiming this week Bio-Tech Week, Agriculture Minister David Marit says biotechnology helps us to keep up with the demands that come along with that.
 
“Thanks to cutting-edge research, our industry is making significant strides in areas such as environmental stewardship and disease resistance in crops.”
 
Over the years, Saskatchewan and Saskatoon has become known as a hub for Bio-Technology.
 
A key member of that sector is Ag West Bio, Jackie Robin says Saskatchewan is thought of in the industry as a powerhouse in Agricultural Bio-technology adding they work on connecting research to commercialization.
 
“So, if there’s an entrepreneur or a researcher with technology that they want to get it to market. We help these people to develop business plans, and we help them to fill in any gaps that they may have on their route to commercialization.”
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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!