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Kathleen Wynne splits Ontario Agriculture Portfolio in Surprising Twist

Wynne becomes Minister of Agriculture and hands off Rural Affairs Portfolio to Jeff Leal

By , Farms.com

As anticipated, at the official swearing-in ceremony, Kathleen Wynne became Ontario’s first female Premier and she also became Minister of Agriculture. What wasn’t so expected was that Kathleen Wynne split the Agriculture, Food and Rural Affairs portfolio into two, spinning off the Rural Affairs portion of the portfolio to new comer Jeff Leal, MPP from Peterborough. Leal was first elected in 2003 and holds a B.A. in Economics and Political Science from Trent University. The Ministerial portfolio was previously held by Ted McMeekin who is now the new Minster of Community and Social Services.

More than half of the Liberal caucus is now in cabinet – 27 cabinet positions; but there are 20 new members of the cabinet, and only seven veteran and experienced cabinet ministers remain.   


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.