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New Trump and EPA Administrations a "Breath of Fresh Air" to Work with Says NCBA's Colin Woodall

Working to protect the environment with a common-sense approach and a willingness to listen - that’s what Environmental Protection Agency Administrator Scott Pruitt brings to the table, according to Colin Woodall, vice president of government affairs for the National Cattlemen’s Beef Association. During the NCBA Summer Business Conference this week, he spoke with Radio Oklahoma Ag Network Farm Director Ron Hays about his experience dealing with the new Trump administration. He says, “it’s been a breath of fresh air.”
 
Completely different attitude, when you look at just the overall willingness of this administration to come forward and ask what we want most of all and then follow up with actions that support our requests,” Woodall said. “All you have to do is look at EPA, for example, as the being the best situation.”
 
In particular, Woodall says the EPA’s action regarding the Waters of the US rule, now in the process of being repealed and replaced, is an actual level of leadership and competency that he says has not been seen in the agency for the better part of a decade now.
 
“We believe Administrator Pruitt is going to be much more willing to look at the impact of this rule on landowners,” he said, pointing out that Pruitt has already invited NCBA’s input on crafting the rule’s revision. “This is not about trying to back away on environmental regulation - he’s just trying to make sure the regulation actually works. Which is something we didn’t see in the last administration.”
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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!