Agriculture and Agri-Food Minister Marie-Claude Bibeau speaks with Mexico’s Secretary of Agriculture and Rural Development, Victor Villalobos and US Secretary of Agriculture, Sonny Perdue

Ottawa, Ontario – Agriculture and Agri-Food Minister Marie-Claude Bibeau spoke with Mexico’s Secretary of Agriculture and Rural Development Victor Villalobos and US Secretary of Agriculture Sonny Perdue as part of their continued collaboration during the COVID-19 pandemic. They discussed the importance of sustaining uninterrupted food and agriculture trade to ensure food security and safeguard the citizens in our three countries. 

 

The leaders also emphasized their commitment to a smooth and effective transition to the Canada-United States-Mexico Agreement (CUSMA) which enters into force July 1, and acknowledged that open trade and maintaining our integrated supply chain are instrumental in recovering from COVID-19 and facilitating economic growth.

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.