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Ag Critic Says Liberal Budget Misses Key Areas That Could Help Pandemic Recovery

This week's Federal Budget shows Ottawa is planning to return some of the carbon tax money that farmers are paying for natural gas and propane.
 
Lianne Rood, the Conservative Shadow Minister for Agriculture and Agri-Food Canada, says for over a year now she's been calling on Minister Bibeau
to extend the carbon tax exemption in this area.
 
"This proposal to refund a portion of the carbon tax to farmers. Hey, it's a start! And you know, it takes some public pressure to get this government moving on things in agriculture. So, this is a start, and I'd like to see where exactly it's going to go? Hopefully we can get the full exemption for farmers for carbon tax on propane and natural gas."
 
Details on just how that carbon tax will be refunded will be announced later.
 
Rood says this week's Federal Budget has no real spending for Agriculture, to help with production.
 
She's disappointed that the money they are spending is not going to programs that would help ensure our food sovereignty and get money into the pockets of farmers.
 
"Farmers are looking for a hand up not a handout. And it would have been nice to see a little bit more money poured into programs that would help towards revenue generating industries like agriculture."
 
Overall, she says this is not a recovery plan for Canadians, this is the Liberal party's re-election plan.
 
"I think if the liberals were focused on getting our country back on track, that they would have targeted their stimulus towards revenue generating industries in this country. Like oil and gas, like agriculture, but instead, we see that this budget is actually extending the pandemic economic recession longer than necessary, which is only hurting Canadians."
 
Voting on the Liberal Budget is expected later this week.
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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

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!