No Surprise On TPP Pullout Of U-S

Jan 27, 2017

On Monday, U-S President Donald Trump withdrew his country from the Trans-Pacific Partnership.

Canadian Federation of Agriculture President Ron Bonnet said everybody expected that this would happen...

Bonnett said,"Well I don't think anyone was too surprised, The campaign rhetoric on TPP was so strong that we expected him to make a decision to pull out of TPP. The only surprise was how fast he decided to do it."

Bonnet said it could be possible for the remaining countries to go ahead with the TPP without the U-S, however they would have to get together and revise the deal.

He notes if the TPP falls through, Canada would need to form bilateral trade deals with countries such as Japan and Vietnam, adding countries like China and India, who were not part of the TPP, would also be valuable trading partners.

The big concern for Canadian agriculture, according to Bonnett, is what President Trump plans to do with the North American Free Trade Agreement.

Source : Discoverestevan

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!