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New Executive For Wheat Growers

The Alberta Wheat Commission (AWC) has a new executive after the wrap-up of its Annual General Meeting (AGM) during FarmTech in Edmonton.
 
Todd Hames takes over as the new Chair, and Hannah Konschuh continues in her role as Vice-Chair.
 
"I am honoured that my colleagues have placed their confidence in me to lead AWC’s board," said Hames. "We have seen a particularly challenging year with the difficult harvest, low prices and market uncertainty. It’s during these times that I'm most proud to serve on AWC’s board so we can continue working toward a stronger and more profitable future for farmers."
 
Hames takes over for Gary Stanford, one of the commission's founding directors.
 
"I've really enjoyed my time on the board and particularly as Chair," said Stanford. "Looking back on when the commission first began, I’m extremely proud of what we've accomplished from building our research portfolio to a total of more than $16.5 million invested in projects since inception, to the political progress we've made on files like rail transportation reform, to the ground we've gained with our global customers. I have great confidence that with Todd Hames’ industry experience and leadership that I am leaving AWC in great hands."
 
The board has also added three new directors: Dave Bartlett (Fairview) and Greg Sears (Sexsmith), both representing Region 5, and Dean Hubbard (Claresholm), representing Region 1. Dean’s position is subject to marketing council approval since he was nominated by the board to fill a vacant position following the Next Level Farming regional meetings in November.
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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!