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Saskatchewan In The Grip Of Weather Whiplash

Environment Canada's senior climatologist says what people in Saskatchewan are experiencing can only be described as 'weather whiplash.'
 
Last year the province had record moisture. This year, Saskatchewan could break records for being bone dry.
 
"It's like jokers in the weather deck," David Phillips told CBC Saskatchewan's Blue Sky. "You can't deal with that. Nobody can deal with that."
 
If the weather stays dry until the end of June for Regina, this could be the driest spring since 1883. In Saskatoon, it could be the driest since 1937. 
 
It's a significant change from last year. In 2014, there was ten times more moisture in Regina and Saskatoon. 
 
Phillips is calling the situation this year 'desperate.' He says the weather models are showing hot and dry forecasts all summer. He says it's not good news for wildfires in the province.
 
"These seasonal maps, it just looks like they are on fire." 
 
He says it's not good news for farmers, either.
Source : CBC

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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!
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