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Trade Issues Top Canola Council of Canada Election Issues

There are a number of key agricultural issues that farm groups and producers would like to see addressed during the federal election campaign.
 
Jim Everson, President of the Canola Council of Canada, says protectionism and international trade is at the top of their list.
 
He notes there are a number of places where Canadian grains and oilseed crops have been affected by blockages of trade.
 
“I’m thinking of durum trade into Italy, pulse trade into India, and of course canola in China. It would seem that Canada really has to look at how we maneuver both industry and government in an environment that’s more protectionist that way.”
 
Everson says there are a number of agricultural issues that need to be addressed from trade challenges to environmental issues.
 
He notes biofuels is one area that they are very eager to work with the Government on to grow the industry.
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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!