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USDA pushes for equity in agriculture at regional meeting

By Farms.com

The USDA held a regional equity convening in Georgia to discuss the recommendations of the Equity Commission Final Report. Secretary Vilsack emphasized the department's commitment to equity in farmer access to programs, climate-smart practices, and resources. Stakeholders learned about USDA's efforts to address past injustices and build a more inclusive agricultural future.

The convening included discussions on the Equity Commission report, climate-smart agriculture practices, and resources for the next generation of farmers. Participants also explored USDA's action plans to address the report's recommendations.

Following the Equity Commission's report, USDA has taken steps to implement its recommendations and ensure equitable access to resources. The department's updated Equity Action Plan outlines its commitment to serving underserved communities.


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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!