OFA Congratulates New Ontario Premier Kathleen Wynne

Jan 28, 2013

Ontario Federation of Agriculture Hopes Wynne Will Be Able to Bridge the Rural and Urban Divide

The Ontario Federation of Agriculture (OFA) released a statement on Monday, extending its congratulations to the incoming Ontario Premier Kathleen Wynne.

Wynne has said that she will resume the legislature on Feb. 19th, after her successor Dalton McGuinty prorogued the legislature in Oct. 2012.

“Ms. Wynne clearly recognizes the importance of the agriculture and food industry as an economic engine in our province, driving job creation on farms, at processors and through innovation. She will demonstrate her personal commitment to agriculture and rural Ontario by appointing herself as the minister of agriculture, food and rural affairs for at least one year,” says Mark Wales, President of OFA. “OFA is hopeful Wynne will bridge the perceived Ontario urban and rural divide. We look forward to meeting with her as premier and minister of agriculture to work on important issues affecting our sector.”

The OFA is the largest general farm organization in Ontario, which seeks to lobby the government while advocating for Ontario farmers.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

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