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Farmers And Industry Reps Join Kenney In Ottawa

Some farmers and agriculture industry representatives were invited to join Alberta Premier, Jason Kenney, on his outreach mission to Ottawa this week.
 
Alberta Barley Commission Chair and Barons area farmer, Dave Bishop, says they raised a number of concerns and topics of interest for the grain sector on their trip to Ottawa, including trade, Business Risk Management programs, carbon pricing, and transportation in regards to the recent CN Rail strike.
 
Bishop says they met with the Alberta Conservative Caucus on Monday, December 9, which included Foothills M.P. and Conservative Agriculture Critic, John Barlow, as well as his own M.P., Rachael Harder, representing the Lethbridge riding.
 
"They did ask some good questions of us also, but we were pretty well on the same page," Bishop said.
 
Following the meeting, Bishop says they attended a big reception.
 
"Last night was a meet and greet with the Premier and the [Alberta] Ministers he had, plus there were quite a few M.P.'s in the room,"he explained. "They said there was going to be about 600 in the room, and it was packed and it was crowded, so great networking opportunity."
 
Bishop says there was also people from Alberta's oil and gas, pork and cattle industries at the reception.
 
"He [Kenney] had a lot of people in Ottawa to show how united Alberta is, which I found very impressive."
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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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