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KAP Wants More Transparency in Grain Act Amendment

The government's proposed amendment (Bill C-48) to the Canada Grain Act has Keystone Agricultural Producers asking for more transparency.
 
Rob Brunel, chair of KAP's grains, oilseeds and pulses committee says he would like to see producers contribute to the proposed producer payment security fund upfront rather than incurring the cost in the basis price offered later by licensed purchasers.
 
He's also asking for an advisory board, with farmer representation, to oversee the fund.
 
"Producers can have a level of comfort knowing what the fund is, how big it is, and how it's being used and managed, and what coverage levels may be set," Brunel explained.
 
KAP is urging the federal government to consider asking for farmer input when developing the mechanism of the proposed fund.
 

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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!