Todd Lewis back as 2nd Vice-President of the CFA

Mar 02, 2022

The Canadian Federation of Agriculture holding their Annual General Meeting this week.

During the meeting Saskatchewan's Todd Lewis, Past-President of APAS was elected as Second Vice-President of the CFA for a second term.

Lewis is joined at the meeting by 14 delegates from the Agricultural Producers Association of Saskatchewan including President Ian Boxall.

Boxall says they are very pleased to see Todd serve as Vice President of the national farm organization.

"We know he will continue to serve as a strong voice for Western Canadian producers on the national level, where many important decisions are made."

Four of the APAS delegates are participants in the APAS Youth Mentorship and Leadership program.

The four had an opportunity to meet with Federal Agriculture Minister Marie-Claude Bibeau, Opposition Agriculture Critic John Barlow, MP, as well as senior executives of Farm Credit Canada.

FCC is the program sponsor for the mentorship program.

Click here to see more...

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!