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First Ten U.S. Mills Sign Up To The U.S. Cotton Trust Protocol

Today the U.S. Cotton Trust Protocol welcomes its first ten U.S. cotton textile manufacturers – Buhler Quality Yarns, Cap Yarns, CCW, Contempora Fabrics, Cotswold Industries Inc., Frontier Yarns, Hamrick Mills, Inman Mills, Parkdale Inc., Swisstex Direct as members. U.S. Cotton Trust Protocol membership enables these mills and manufacturers to prove that they are an approved supply chain partner for brands and retailers who are sourcing more sustainably grown cotton.
 
“One of our goals with the Trust Protocol is to give brands and retailers greater confidence when including U.S. cotton in their sourcing mix. Our emphasis on measurement and independent verification can provide confidence and trust that a brand is using quality, responsibly grown cotton and producing a product that consumers can believe in,” said Dr. Gary Adams, president of the U.S. Cotton Trust Protocol. “We are delighted that these U.S. mills have joined the Trust Protocol as that supports the much sought-after supply chain transparency and by using U.S. manufactured cotton products, brands and retailers are choosing a reliable and transparent partner right here in the USA.”
 
Mills and manufacturers who become members of the Trust Protocol have access to the Trust Protocol credit system to validate consumption of cotton and associated credits.  The combination of a unique credit accounting system and the Permanent Bale Identification (PBI) system enables brands to have transparency throughout the supply chain to finished product.
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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!