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XiteBio® Yield+ Approved for Organic Use

 
XiteBio’s Yield+ Liquid Biological Has Been Approved for Use by Organic Farmers
 
WINNIPEG, Canada: XiteBio Technologies Inc. is pleased to announce that XiteBio® Yield+ liquid biological has been approved for organic agriculture use.
 
XiteBio® Yield+, the phosphate solubilizing PGPR (Plant Growth Promoting Rhizobacteria) inoculant, can now be used by farmers growing organic crops across North America. This provides retailers with greater opportunity when preparing for the upcoming 2021 growing season. The plant health boosting modes of action of XiteBio® Yield+, such as increasing plantavailable soil phosphates, releasing phytohormones and chelating iron via siderophores, are now available to the expanding organic markets in Canada and the United States.
 
Organically grown crops are on the rise across Canada. 1.7 million acres of organic crops were grown in 2019, 80% of which were in the prairies. The number of certified-organic operations in Canada rose by almost 3% in the last year. A rise in organic processors across Canada and US has helped raise interest in planting organic acres, stimulating the organic markets in the region.
 
“This approval is exciting for us and means organic farmers will now have a product that frees up soil-bound phosphates” says Mike Kupper, XiteBio’s Business & Product Manager. “This is important in any farming practice, but even more so for organic farmers, because organic farmers are very limited to what they can use and remain certified”, adds Kupper.
 
Featuring three distinct modes of action, XiteBio® Yield+ works to increase early root development and overall plant health resulting in better yield. “Making this eco-friendly biological inoculant available to organic farmers is an important milestone for us” says Dr. Manas Banerjee, President & CEO of XiteBio. “This expansion into the organic market serves to increase XiteBio’s versatility in meeting our customer’s needs”, Dr. Banerjee adds. For further information on XiteBio® Yield+, its directions for use or application methods, please contact any of our local XiteBio sales reps or visit our website at www.xitebio.ca.
Source : xitebio

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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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