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Government Will Listen To Farmers As It Drafts Climate Policy: Ag Minister

Farm groups will be consulted as the federal government works toward a national climate change strategy, Federal Agriculture Minister Lawrence MacAulay pledged Friday.
 
But the Minister — in Calgary for an annual meeting with his provincial and territorial counterparts — declined to speculate when asked whether agriculture will be subject to the full weight of a potential federal carbon tax or if farmers might instead receive special exemptions or credits.
 
“I’m not ruling out or ruling in anything,” MacAulay told reporters. “It’s discussions that have to take place with the sectors and the governments.”
 
MacAulay, flanked by provincial and territorial agriculture ministers, made the remarks at a news conference wrapping up three days of meetings aimed at setting the direction for Canada’s next agricultural policy framework. The current framework, Growing Forward 2, is a $3 billion federal and provincial investment in agriculture programs and services  that is set to expire in 2018.
Ministers identified a number of priorities for the new policy framework, including market access and trade, food processing, science and innovation, and public trust and confidence in agriculture. They also named climate change and the environment as a major issue that must be addressed through agriculture policy.
 
“Basically we have to do something on climate change, in order to address the issue, and I know that farmers are very keen and pleased to be involved,” MacAulay said.
 
But a national carbon tax — an idea that has been floated recently by the federal government — may not be what farmers have in mind. Canadian Federation of Agriculture president Ron Bonnett said farmers know they have to do their part on the climate change issue, especially because they are “on the front lines” as weather patterns become more severe. But he said farmers also believe their industry is unique in that practices such as no-till farming and modern fertilizer management have carbon sequestration potential.
 
“We know there’s going to be something put in place to deal with carbon emissions, but there has to be a recognition that we’re not just an emitter — we’re actually an industry that can put carbon back into the soil and into the plants,” Bonnett said.
 
Source : Albertapork

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.