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Soil Conservation Council Of Canada Releases Soil Health Report Card

Canadians are celebrating National Soil Conservation Week (April 19-25, 2020).
 
This year, the Soil Conservation Council of Canada (SCCC) is releasing its first ever national soil health report card to grade how soil practices and health compares from one part of the country to the other.
 
“National Soil Conservation Week is when we really like to take a step back and consider how crucial soil is to our everyday health as Canadians,” said SCCC Chair Tim Nerbas. “We need healthy soil for almost all the food we eat. We need healthy soil for our environment as a whole. Canada is abundant with life and it’s our duty as stewards of the land, water and air to protect the places we call home.”
 
Key items for 2020 include:
 
National Soil Health Report Card: The 2020 report is here and marks the inaugural year that a national soil health report card is released by the SCCC. The report is in collaboration with University of Manitoba professors, Dr. Mario Tenuta and Dr. David Lobb. In the coming years, SCCC will expand the team of collaborators across Canada and build on 4R nutrient management, soil carbon loss, cover crops and biodiversity to create an annual picture of soil health trends.
 
Recognizing the importance of soil health in Canada: The SCCC is calling for the Government of Canada to make soil health a priority and is in full support of Senator Robert Black’s proposal on allocating resources to better study, document and make recommendations to improve soil health nationally.
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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!