Lot's On The Agenda At CWA

Nov 27, 2019

Canadian Western Agribition continues today at Regina’s Evraz Place.

For Wednesday the Grain Expo and Indigenous Agriculture Summit continue in the Queensbury Convention Centre.

In the Chevrolet GMC Show Arena today the Canadian National Speckle Park, Simmental, Gelbvieh and Maine Anjou are in the show ring.

Today in the John Deere Sales Arena the Speckle Park and Simmental sell.

The Milking Demonstration takes place in the Canda Centre Arena.

In the Brandt Centre today it’s the Chore Team Competition. Horses are guided through a course testing not only the skills of the horse but the rider as well. Each obstacle is an example of the situations producers could be dealing with on their own farm and ranch on a daily basis.

There’s also the Heavyweight Canadian Horse Pull Finals in the Brant Centre. These big powerful horse teams leave nothing behind as they pull a weighted sled in this head to head competition.

Tonight in the Brandt Centre it’s the first go-round of the Maple Leaf Finals Rodeo features some of the top rodeo contestants around competing in seven key events over the next four nights for over $100,000 in prize money.

Marty Kratochvil, CWA Director and Rodeo Chair says it’s going to be a rodeo for the books.

"Out of the 80 contestants coming to Agribition, 58 competed in the Canadian Finals Rodeo."

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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!