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Learn about Incoterms rules: An essential part of international trade

Incoterms are a great tool which can provide a competitive advantage to exporting companies.
 
Incoterms are an important legal component of contracts and key risk management and customs compliance elements. Alberta agriculture and agri-food companies are invited to learn more about Incoterms at an online event, January 19, 2021.
 
Participants will learn from an import-export consultant about:
  • the transfer of ownership and other legal considerations
  • review of the history, purpose and basic principles
  • 2020 changes
  • review of the individual Incoterms
  • the American terms and differences with the international Incoterms
  • the interaction between the Incoterms and the contracts of carriage, insurance and payment
Register for Incoterms 101
Source : alberta.ca

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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!