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: 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?
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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.
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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!
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