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Team Canada Approach for Agriculture

Mar 10, 2025
By Jean-Paul McDonald
Assistant Editor, North American Content, Farms.com

Ministers of Agriculture Unite to Support Canadian Agriculture Amid U.S. Tariffs

“As Ministers of Agriculture, we are united in our commitment to support our hardworking producers and to keep the sector strong. Our partnership is more important than ever as we stand together in the face of this uncertainty and work to find solutions to weather this storm,” said the Honourable Lawrence MacAulay, federal Minister of Agriculture and Agri-Food after his meeting with the Honourable Ron Kostyshyn, Manitoba Minister of Agriculture, and colleagues -- provincial and territorial Ministers of Agriculture.

The meeting was held as part of ongoing discussions related to the impacts and potential responses to unjustified tariffs being implemented by the United States.

Following their meeting of February 7, 2025, Ministers reaffirmed their commitment in taking a united ‘Team Canada’ approach to support the agriculture and agri-food sector in response to tariffs being levied by the United States.

The agriculture and agri-food sector plays a vital role in the Canadian economy, creating jobs, and feeding millions both domestically and abroad.

Ministers discussed various coordinated approaches to help Canadian agri-food producers and processors diversify international trade as well as to boost internal trade options.

Ministers noted the importance of utilizing the suite of business risk management (BRM) programs to meet the current and future needs of producers. On March 7, the federal Government announced that the interest-free limit under the Advance Payments Program will be set at $250,000 for 2025. This change will represent estimated savings of up to $65 million for over 13,000 producers.

Canada is a globally-trusted trading partner and all orders of government are committed to ongoing engagement with key partners to help ensure that the Canadian agriculture sector remains strong and Canada continues to be a source of world-class products that contribute to global food security.


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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

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?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
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.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
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!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.