Farms.com Home   Ag Industry News

Canadian Wheat Alliance is born

Governments seek to boost wheat research

By , Farms.com

The Government of Canada in partnership with the Government of Saskatchewan and the University of Saskatchewan announced the creation of the Canadian Wheat Alliance (CWA). The CWA will focus on research to work towards improving the yield of domestic wheat.

Agriculture Minister Gerry Ritz said that the CWA will enhance the quality of Canadian wheat and strengthen wheat grower’s position in the world market. The alliance will invest $97 million over the first five years. The Government of Canada will invest $85 million in funding - the Government of Saskatchewan will add an additional $10 million, while the University will contribute $1.4 million per year.

The CWA will work collaboratively with all levels of government and will welcome engagement of both public and private sector organisations. The alliance will seek to improve new wheat varieties and conduct other research on disease resistance, drought tolerance and more. Wheat contributes nearly $4 billion to the farm gate annually.


Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!