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Canada invited to participate in Trans-Pacific Partnership talks

By , Farms.com

What will this mean for agriculture?

After intense lobbying, Canada has been invited to join the Trans-Pacific Partnership trade talks. This signals a major breakthrough for the Harper government, and if successful the new trade deal could generate up to $20.5 trillion dollars annually. But critics warn that entering into this trade deal could force Canada to make significant sacrifices to its agriculture policies. Canada’s dairy, poultry, and egg sectors which are currently protected under the supply management system limit foreign competition. While supply managed sectors are cautious to welcome this announcement, other commodity groups including the Canadian Cattlemen's Association, Canadian Pork Council, Grain Growers of Canada and Canadian Canola Growers Association are pleased to hear that the talks are underway. These non-supply management commodities rely heavily on the export market. Although, there is much speculation on the negative impact this new trade deal could have, the government remains confident that this partnership will not result in trade-offs on large ticket items. "We're not going to join into anything with pre-conditions that we have to agree to. That's not the nature of the negotiations," says Agriculture Minister Gerry Ritz. Given the Harper governments pro-trade agenda, they have surprisingly been a strong advocate for the supply managed sectors maintaining that they will continue to uphold the status quo. As the talks begin to unfold, it should become clearer what the impact will be for the agriculture sector, and if the government can continue to dodge the bullet on upholding the supply managed sectors of the economy.


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US “Flash Drought” Worst in 133-160 Years + Disease taking a Bite out of US 2025 Corn/Soybean Crops

Video: US “Flash Drought” Worst in 133-160 Years + Disease taking a Bite out of US 2025 Corn/Soybean Crops


A dry August and a “flash drought” in the ECB (Eastern Corn Belt) the driest top 10 to 15 years in 150 to 160 years (Ohio the driest in 133 years) plus disease is taking a bite out of the 2025 U.S. corn and soybean crops.
It's going to be an early harvest. This could be the start of the 89-year drought cycle that may have been delayed until 2026 as La Nina maybe returning.
The USDA September crop report is all about record corn ears and record soybean counts but the October USDA crop report will be about pod and ear weights.
Stats Canada reported higher forecasts for the 2025 Canadian Prairies all wheat and canola crops vs. last year based on satellite imagery but are they overestimating production?
The 2025 Great ON Yield Tour and Quebec crop tours are projecting corn and soybean crops below the 10-year average.
China's Vice Commerce Ministry Li Chenggang visits Washington this week as we continue to connect the dots is a positive sign towards a China/U.S. trade deal. But will U.S. farmers have a winter without China as they buy more soybeans from Uruguay/Argentina? U.S. Northern Plain soybean farmers are seeing red with flat prices at $8.97/bu!
U.S. corn exports on record pace up 99% vs. last year.
Fund short covering continues in corn futures bottom is in!