Ontario PC’S Announce another Ag Survey but This Time Targeting the Food Processing Industry

Nov 01, 2012

Ontario PC’s Seek to Strengthen Ontario’s Food Processing Sector

On Thursday, Ontario’s Agriculture Critic Ernie Hardeman, Member of Provencal Parliament for Oxford announced that the Ontario PC Party has launched a survey for Ontario’s food processing industry to identify some of the key challenges faced by the industry and what can be done to strengthen the sector and increase competitiveness.

“There are over 3,000 food processors in Ontario who have a combined economic impact of $39 billion and employ 120,000 people. This includes large manufacturers as well as local abattoirs, bakeries and wineries,” said Hardeman “We need to ensure that government policies allow our food manufacturers to be successful here at home and allow them to compete around the world.”

Those involved in the food and beverage industry are encouraged to participate and the survey can be accessed online at www.ErnieHardemanMPP.com/processors or to request a hard copy call Mr. Hardeman’s office at call 416-325-1239 or e-mail ernie.hardeman@pc.ola.org.

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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