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Canadian Foodgrain's Bank Has Slow Harvest

The Canadian Foodgrain’s Bank is a partnership of 15 Canadian churches and agencies that work together to end global hunger.
 
Saskatchewan’s participation and donations play a key role in the group’s mandate.
 
Rick Block, the Saskatchewan Coordinator, says Community Growing Projects play a major role, since the money raised from the sale of the crop is donated to the group.
 
“We really are in all of the areas of the agricultural part of the province. There’s 32 project sites this year and close to 3500 acres that are committed to the Foodgrain’s Bank this year. Some of them have been harvested and many of them are still out in the field which is fairly indicative of where most farmers are at as well.”
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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!