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CFA Pleased With 2017 Federal Budget

 
Canadian Federation of Agriculture (CFA) President Ron Bonnet says he's pleased with what he saw in Wednesday's federal budget announcement.
 
"I think there's a lot of positive mention for agriculture coming out of this budget," he commented. "I think what we were watching for to see if there was some signal that the government was listening to the advice of Dominic Barton, the economic advisor, and that came through fairly strong."
 
Highlights for Bonnett included the Liberals setting targets of $75 billion a year in ag exports by the year 2025, looking at food processing having access to the Strategic Innovation Fund, and access to more training funds for ag workers.
 
Other highlights included launching a full review of rail service across western Canada, creating a $10.1 billion Trade and Transportation Corridors Initiative, eliminating tariffs on a broad range of agri-food processing ingredients, investing $500 million to support the expansion of broadband networks in rural Canada and $2 billion to support rural infrastructure including roads and bridges.
 
Source : Steinbachonline

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End of June USDA Crop Reports a Dud, U S Corn Crop Conditions 73% G E, & Whisper on Trade Deals

Video: End of June USDA Crop Reports a Dud, U S Corn Crop Conditions 73% G E, & Whisper on Trade Deals


No market-moving end-of-June USDA Acreage and quarterly stocks reports. U.S. corn crop conditions at 73% good-excellent has the trade talking above-average trendline yields at 183 – 190 bpa (2-5% above trend for 2025). Rumors that Trump in Iowa on Thursday evening could announce more trade deals on top of the Vietnam trade deal, but the whisper is that there might be a trade deal with China?
Sunday night's U.S. weather outlook ahead of the key U.S. corn pollination stage and trade deals could be market-moving for Monday’s trade after a long 3-day U.S. holiday.