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Province increases investment in water infrastructure

In the last two years, over 19,000 acres were brought under irrigation in Saskatchewan.

With interest in water infrastructure continuing to grow the Ministry of Agriculture is providing more support.

Agriculture Minister David Marit says the province is investing $2.5 million which will help producers access up to $500,000 under the Irrigation Development Program, thats up from the previous maximum payment of $300,000. 

Producers now have until December 31, 2022 to apply for their Irrigation Development pre-approval and the Irrigation Environmental Efficiency pre-approval applications which will give irrigators more flexibility to complete their projects. 

Applicants will have up to 18 months from written project approval to submit a claim under the program. 

Irrigators are encouraged to apply early and submit their claims as soon as their projects are completed. 

Saskatchewan Irrigation Projects Association Chairman Aaron Gray says the investments in irrigation development support all sectors of the province.

"We are pleased the government is committed to growing rural Saskatchewan through irrigation initiatives. This funding will help to sustainably develop more irrigable acres in this province to create a more prosperous future for every citizen." 

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Markets Continue to Chase Chinese Trade Headlines

Video: Markets Continue to Chase Chinese Trade Headlines


The U.S./China trade war has escalated after Trump threatened to slap 100% Tariff on China by Nov. 1 after China placed some export restrictions on rare earth minerals.
But Trump overstepped/overreacted but the meeting with Xi at the end of the month was still on even after Trump threatened China with an embargo on used cooking oil. The U.S./China were going to meet and talk about trade issues today ahead of the meeting with Xi/Trump in South Korea.
Despite the increased tensions and noise both the corn and soybean futures held support at $4.10 and $10 with a corrective bounce higher on news that U.S. corn yields are a concern.
U.S. soybean prices are $0.90 to $1.50 cheaper than Brazil.
News that China was willing to remove the tariffs on Canada if Canada would lift the 100% levies on Chinese EV vehicles sent funds short covering in canola futures. Canadian and Chinese met on Friday to discuss ag issues like canola and meat.
Stocks fell on the increased rise in tensions with the U.S./China and concerns over bad regional loans, but investors shake off the news on strong Q3 earnings from the big U.S. banks.
Wheat continued to trade to new 5-year lows while cattle were breaking out to new record highs as Trump was working his magic on lower U.S. beef prices.
U.S. crude oil continued its trend lower as did Bitcoin.