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Ontarians Select First Consumers' Choice Retailer Award Winner

TORONTO - For the first time in more than 30 years, consumers have chosen a Consumers' Choice greenhouse vegetable grocery store display contest winner. The award goes to Metro #331 in Orangeville for building the most creative display of Ontario greenhouse vegetables.
 
"Congratulations to Metro #331 in Orangeville for showcasing Ontario's produce in such a delicious and inviting way," said Ernie Hardeman, Minister of Agriculture, Food and Rural Affairs. "By participating in the Foodland Ontario Retailer Award display contests, you are helping shoppers choose locally grown produce. When we choose to buy local, we are supporting our farmers, our environment and our economy."
 
Today, we are launching the next contest, showcasing fresh and delicious Ontario asparagus. Consumers can vote in this contest by following Foodland Ontario on Instagram or Facebook and "liking" one of the top three grocery store displays. The asparagus display that receives the most "likes" or votes will receive the Consumers' Choice award. The finalists are stores from London, Mississauga and Huntsville.
 
"We're celebrating Ontario's great local food throughout this growing season by inviting everyone to vote for their favourite display. Whether it's in your local grocery store, or another store elsewhere in the province, you get to choose which display best showcases Ontario's fresh produce," said Ernie Hardeman, Minister of Agriculture, Food and Rural Affairs. "This is a fun and unique way for consumers to show their support for the creativity each grocery store puts into their displays of the good things that grow in Ontario."
 
Local food is the heart of our province's agri-food industry and vital to the sustainability of Ontario's food system. Buying and supporting local food creates jobs and economic growth in communities across the province.
Source : Ontario.ca

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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!