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Wynne Worried About Feds Move to Deregulate Food Packaging

By Amanda Brodhagen, Farms.com

Ontario Premier and Minister of Agriculture and Food, Kathleen Wynne, has vocalized her concern over the federal government’s plan to deregulate food container sizes.

Wynne said her concerns are shared with industry leaders. Groups such as the Ontario Fruit and Vegetable Processors Association, the Alliance of Ontario Food Processors, and Food Processors of Canada, warn deregulating could undermine the competitiveness of food processing and packaging sectors.

The issue was first raised with federal agriculture Minister Gerry Ritz in March 2013, and again at the Agricultural Ministers meeting in July 2013. Wynne is scheduled to meet with provincial and territorial leaders Friday in Toronto. 


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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.