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New Grain Growers Of Canada Video Aims To Educate Policymakers

A Grain Growers of Canada project was released this week.
 
"Today’s Modern Grain Farm: A Harvest Across Canada" is a short video designed to help educate politicians and policymakers about the challenges and realities facing farmers today.
 
Saskatchewan grain farmer, Cherilyn Jolly-Nagel is a Director with the Western Canadian Wheat Growers Association, and is featured in the film.
 
"Often times our policymakers don't have a strong connection back to the agriculture industry. So this was an effort to reach out to politicians and their teams and present what life is like as a modern grain farmer all across this big country."
 
Jolly-Nagel says it's a really important time for the federal government to address some of the challenges grain farmers are facing.
 
"I guess if the question is How can the Canadian economy recover from the Coronavirus? The answer might be in a really strong agriculture industry. So, we want to present our industry to policymakers as a potential solution to some of the economic deficiencies that we are certainly going to be experiencing over the next number of years as we try to recover."
 
She says there's a lot of ways Ottawa can be supportive of farmers like developing stronger free trade agreements - as not all are working as promised.
 
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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!