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Cargill Breaks Ground On New Fertilizer Distribution Centre

Work is underway on a $30 million dollar state-of-the-art Fertilizer Retail and Distribution Centre next to the companies crushing facility at Camrose.
 
It will be the first retail site for Cargill in Western Canada to have four-product liquid coating capabilities for micronutrients and nutrient stabilizer coatings.
 
The new 35 thousand tonne facility will allow farmers in Central Alberta the opportunity to deliver canola and then backhaul fertilizer.
 
Cargill's new fertilizer distribution centre is expected to be completed in August of 2021and will improve product flow to its facilities in  Vermilion, Vegreville, Leduc and Beiseker.
 
 
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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!