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Texas Water Laws Will Be Topic Of July 2 Webinar

By Kay Ledbetter
 
“Texas Water: Basic Law and Current Hot Topics” will be the subject of the July 2 webinar by the Texas A&M AgriLife Extension Service ecosystem science and management unit.
 
The webinar is a part of the Texas Range Webinar Series scheduled on the first Thursday of each month from noon to 1 p.m., said Pete Flores, webinar coordinator in Corpus Christi.
 
The presenter for this webinar is Tiffany Dowell Lashmet, AgriLife Extension agricultural law specialist, Amarillo.
 
“Water law is one of the most important and controversial topics in Texas,” Dowell Lashmet said.  “With the record-setting drought and population growth, the agricultural industry will only see the competition for water become more severe.”
 
She said her webinar will provide a basic overview of water law in Texas. Additionally, the presentation will provide an overview of several important water cases and controversies ongoing around the state.
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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!