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MWBGA Continuing To Fund Priority Projects

The prairie wheat commissions contributed a total of $17.9 million to 81 wheat research projects during the 2018/2019 crop year.
 
Of that, the Manitoba Wheat and Barley Growers Association (MWBGA) dedicated $2.5 million to 42 projects.
 
"We're always funding very interesting research," said Lori-Ann Kaminski, research manager for MWBGA. "Of course from the Manitoba perspective, our board of directors has chosen some research priority areas that will be important for Manitoba."
 
On the list of ongoing projects is over-coming fusarium head blight in cereals.
 
"Those kinds of projects go all the way from building on genetics to best management practices and how is that disease acting in Manitoba now?," said Kaminski.
 
Additionally, the MWBGA continues to commit funding to nitrogen management research. 
 
"We now have varieties in the marketplace that are challenging yield averages of the past and we're excited about that...but then the question comes of what is the best way to feed those crops?", explained Kaminski.
 
The MWBGA is also funding a multi-disciplinary approach to developing tools and techniques to manage extreme moisture conditions - both drought and excess moisture. Included in this work is the Manitoba Corn Growers, Manitoba Pulse and Soybean Growers and all three prairie wheat commissions with additional investments from the Province of Manitoba.
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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!