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Farms.com Home  › News

Canada Gets A New Ag Minister In Cabinet Shuffle

Canada has a new Federal Agriculture Minister.

Prime Minister Justin Trudeau shuffled his cabinet Friday morning, moving Prince Edward Island M.P., Lawrence MacAulay, to Veterans-Affairs Minister, filling the void left by Jody Wilson-Raybould.

Trudeau appointed Quebec MP, Marie-Claude Bibeau, as Canada's first female Agriculture Minister.

Bibeau was previously the Minister for International Development and was elected as the Member of Parliament for Compton-Stanstead in October of 2015.

Macaulay, a 30-year vet, had served as Ag minister since 2015.

Source : Discoverairdrie

Trending Video

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!

 
Website connects farmers with landowners
Marie-Claude Bibeau takes over as Cdn. ag minister

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