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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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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.