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BC CHERRIES FUNDED FOR NEW EXPORT MARKETS

Despite a lacklustre 2019 growing season, BC growers are looking forward to next season with funding for new export markets. The federal government, represented by Justice Minister David Lametti, announced $241,000 in funding on August 13 to market B.C. cherries to new countries. Those monies will be matched by industry for a total of $480,000.
 
 
 
"A significant portion of the Canadian cherry business involves export,” says Sukhpaul Bal, president, BC Cherry Association. “The BC Cherry Association has benefited from federal AgriMarketing funding for our activities for the past seven years. This partnership with the federal government has been critical in paving the way for the BC Cherry Association to help expand world markets for cherries by promoting our industry abroad, and to coordinate export programs for existing world markets."
 
 
 
In 2014, the local cherry market was opened to China, and just recently, local farms began exporting to Japan. The next target is South Korea.
 
 
 
“The agri-marketing funding really allows us to explore the new markets and get to the new markets to promote the B.C. cherry industry,” Bal said, adding representatives have been attending trade shows in Berlin and Hong Kong for the past several years, thanks in part to the program.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

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.