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Manitoba NDP Ag Critic Questions MASC Layoffs

Manitoba NDP Agriculture Critic Diljeet Brar doesn't understand why the province has decided to layoff workers at Manitoba Agricultural Services Corporation (MASC).
 
He says farmers still have a need for the service, regardless of the situation surrounding COVID-19.
 
"Cutting budget to a Crown corporation, it's unfortunate. It would impact the services that our producers are [using] for so many years. If you talk about insurance claims and if you relate it to COVID-19, this pandemic does not impact the weather patterns. It won't impact the harm the animals are doing to crops."
 
Brar says the reduction in service is just another thing for farmers to worry about.
 
MASC is being required to reduce its workforce expenses by 20 per cent as part of the province's effort to cut spending during the COVID-19 pandemic.
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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!