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KIOTI Canada Hosts Ribbon Cutting Ceremony

MISSISSAUGA, ON —  KIOTI Tractor, a division of Daedong-USA, Inc.,  celebrated its new Canadian Distribution Center with a ribbon cutting ceremony last Thursday. Located in Mississauga, the approximately 60,000 sq.-ft facility will anchor KIOTI’s Canadian distribution. Local officials, media members, Olympic Curling Team Brad Jacobs and KIOTI dealers were in attendance to partake in the acknowledgement of Daedong Industrial’s commitment to KIOTI Canada. Daedong Industrial Chairman, Jun Sik Kim, stated, “It is our dealers’ commitment to KIOTI that has allowed us to come this far, and we know that this expansion will serve our growth in the future!”
 
 
About KIOTI Tractor 
 
Headquartered in Wendell, N.C., KIOTI Tractor is a market-driven company that has been supplying tractors in the 22-110 horsepower range to the U.S. and Canadian markets for over 30 years. Building on the company’s core product line and history of innovation, KIOTI has recently introduced new models and expanded its implement and attachment offering. For more information on KIOTI or KIOTI products please visit your authorized KIOTI Tractor dealer or visit www.KIOTI.com.

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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!