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Manitoba Pulse Growers Names New Executive Director

The Manitoba Pulse Growers Association (MPGA) has named a new executive director.
 
Francois Labelle has accepted the position after serving as interim executive director over the past year.
 
"Over the past year, Francois has provided valuable leadership and expertise to the association and MPGA’s Board of Directors is extremely pleased that he has agreed to continue on as executive director," said Kyle Friesen, President of MPGA.
 
He will replace Roxanne Lewko, who will assume the position of research program coordinator upon her return from maternity leave.
 
"MPGA is excited to have Roxanne returning to the association in this new capacity. Our research program continues to grow and with her knowledge and experience in the pulse industry, she will be an asset in moving the program forward," said Friesen.
 
Labelle, a founding director of MPGA, has significant experience in the grain industry having been involved in various aspects of production, marketing and processing of pulse crops for 35 years.
 

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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!