Wynne to be Sworn-in as Ontario Premier and Minister of Agriculture Today

Feb 11, 2013

Kathleen will appoint herself as Minister of Agriculture in swearing-in ceremony

Premier-designate Kathleen Wynne will be sworn-in on Monday, as the new Ontario Premier along with her new cabinet. Wynne has already announced that in addition to being Premier she will also appoint herself as Minister of Agriculture, Food and Rural Affairs for at least one year, with hopes of raising the Liberal profile in rural ridings, where the Liberals were wiped out in the 2011 general election.

The reaction to her unusual appointment as Minister of Agriculture has garnered mixed reaction, with some saying that this move will be good for rural Ontario with the focus of the Premier, while others are raising concerns over her being an Urban MPP from Toronto siting concerns about a potential lack of understanding or rural and agriculture issues, there is also concern that she will be taking on too much – and will not be able to focus sufficiently on critical issues.

The swearing-in ceremony will take place Monday afternoon.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Kathleen Wynne splits Ontario Agriculture Portfolio in Surprising Twist

U.S Corn Shortage Prompts 20 Ethanol Plants to Halt Production