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Precision Conservation Management to Expand Conservation Acres in Illinois through PepsiCo Partnership

Precision Conservation Management (PCM) will be partnering with PepsiCo to expand conservation acres in Illinois through 2030. PCM Director Greg Goodwin disclosed that the partnership would prioritize three key conservation practices: planting cover crops, reducing tillage, and adjusting nitrogen application rates and timing.

In 2022, the partnership enabled PCM to promote the use of conservation practices on more than 150,000 acres across PCM regions in Nebraska and Illinois. Goodwin expressed the importance of the partnership in addressing the water quality goals of partner states, including Illinois.

PCM's collaborations with the Illinois Corn, Illinois Soybean Association, and Heartland Science and Technology Group strengthen the program's expertise in providing advisory services to farmer cooperators. The program aims to maximize farmer profitability and increase the adoption of conservation practices in select counties in Illinois, Kentucky, and Nebraska.
 


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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.
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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!