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Meat Processing, Mushroom Production To Benefit From Immigration Pilot Program

The federal government is launching a new 3-year economic immigration pilot program that will fill labour shortages in meat processing and mushroom production.
 
This new pilot aims to attract and retain workers by providing them with an opportunity to become permanent residents.
 
"The success of our Canadian farmers and food processors depends on their ability to recruit and retain the workforce they need to capture opportunities at home and abroad," said Marie-Claude Bibeau, Minister of Agriculture and Agri-Food. "This pilot will help to ensure that employers in the agriculture and agri-food sector have the people they need to get the job done, to help drive our economy and to feed the world."
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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!