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Legislative Agriculture Chairs Summit Offers Opportunity to Make and Build Relationships

 
Manitoba's Agriculture Minister says there is an opportunity to make an already strong relationship among  provincial and state agriculture and rural leaders even stronger.
 
Manitoba's Agriculture Minister is in Kansas City, Missouri today, tomorrow and Sunday, taking part in the Legislative Agriculture Chairs Summit hosted by State Agriculture and Rural Leaders.
 
The summit brings together elected officials from the United States, Canada and Mexico representing agricultural and rural issues to collaborate on shared priorities.
Ralph Eichler says there is a strong level of support within the group for maintaining trade.
 
Ralph Eichler-Agriculture Minister Manitoba:
 
In 2003 BSE broke out and the State Agricultural Leaders Group asked us to join their organization as Canadians and focus on trade and, more importantly back at that time, it was based on getting the border opened for our beef cattle to go back into the United States to be processed or grown or finished.
 
Certainly we took advantage of that opportunity so we've developed a great relationship over the past number of years.
 
If we look at what happened in the past in regards to BSE and Country of Origin Labelling they've been right by our side day in and day out saying, we want trade with Canada, we know it's a priority for us, we want to continue on that trade and we'll do what ever we can to assist you in order to be able to do that.
 
Source : Farmscape

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!