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Nominations open for the 2020 BMO Ontario Farm Family Awards

Do you know a family that represents the values of Ontario’s rural communities? People whose commitment and dedication to the rural way of life makes a difference and sets an example for others.
 
If so, nominate them today for a 2020 BMO Ontario Farm Family Award – presented by the OOntario FarmFamily Awards logontario Plowmen’s Association (OPA) and BMO Bank of Montreal.
 
Nominations are open now and will be accepted until February 28, 2020. They can be made by anyone for anyone. To make a nomination, visit: https://www.surveymonkey.com/r/96QDKVC.
 
“We understand the importance that agriculture plays to Canada as a whole and believe it’s important to recognize families that exemplify a sense of community, strong values, and hard work and that are making significant contributions to the rural way of life,” said Steve DeMarco, Vice President of Business Banking Northern Ontario, BMO Bank of Montreal. “We look forward to recognizing and celebrating this year’s recipient families.”
 
Recipient families will be formally recognized and celebrated during the 2020 International Plowing Match and Rural Expo (IPM) in Lindsay, Kawartha Lakes, Ontario on Saturday, October 17, 2020.
 
BMO Ontario Farm Family Awards, which have been handed out annually since 2012, have seen the efforts of 83 families throughout the province celebrated.
 
The IPM is an annual multi-day celebration of agriculture and rural living, featuring plowing competitions, hundreds of vendors/exhibitors, demonstrations, live entertainment and much more. It’s held in a different Ontario community each year. The IPM, which runs October 14 to 17, is the largest event of its kind in North America.
Source : plowingmatch

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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!