Province Kicks-in $30-Million for Ontario Racehorse Breeding

Jun 14, 2013

Province Kicks-in $30-Million for Ontario Racehorse Breeding

The Ontario government said it will extend its support for the province’s Horse Improvement Program, which aims to encouraging horse breeding. The extension will last until 2015. Over the next two years, $30-million will be allocated to support equine breeding.

The program was initiated by the Horse Racing Industry Transition Panel which had recommended it. The group was created after the Liberal government announced it was ending the Slots at Racetracks Program.

“Continuing to invest in this forward-looking program gives the horse racing and breeding industry confidence there will be a future here for Ontario-bred racehorses," said Kathleen Wynne, Premier and Minister of Agriculture and Food.

One of the panelists, former tory minister John Snobelen, called the plan “great news for Ontario-bred weanlings and yearlings and a strong encouragement for breeders in rural Ontario who are building on a legacy of great racehorses."

The transition panel is expected to resume talks with industry stakeholders starting June 21 to discuss options of how to best integrate horseracing into the provinces gaming plan.

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.