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Innovation Challenge Winners Bring Local Tech To British Columbia Farms

 
Four B.C. companies have each won $20,000 for developing B.C. technology to help solve a problem identified as part of the BC Ministry of Agriculture and the BC Innovation Council’s Innovation Challenge.
 
The winning companies are using local technology to deter birds from B.C. berry farms, provide up-to-the-minute health checks on crops, turn B.C. wood waste into fully compostable yarn for farm uses, and improve nutrient recovery from farm waste.
 
The winners were selected by a panel of experts, with representatives of the BC Innovation Council, the BC Agriculture Council, Genome BC, the National Research Council, the Investment Agriculture Foundation, SRC Tec, Bioenterprise BC and the federal and provincial governments.
 
The Agritech Innovation Challenge is a partnership between the BC Ministry of Agriculture and the BC Innovation Council with $80,000 in funding provided through Growing Forward 2, a federal-provincial-territorial initiative that provides a $3-billion investment over five years in innovation, competitiveness and market development. The challenge was launched in November 2016 and brought together innovators with industry to develop a product or process to enhance productivity, sustainability and resiliency of B.C.’s agrifood sector.
 
Source : Agriculture and Agri-Food Canada

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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!