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Bibeau Announces Details On Surplus Food Rescue Program

Federal Agriculture Minister Marie-Claude Bibeau has announced details of the first-ever federal government program that will provide millions of pounds surplus food to Canada’s most vulnerable populations.
 
The Surplus Food Rescue Program is a $50-million federal initiative designed to address urgent, high volume, highly perishable surplus products.
 
The surpluses were created because the COVID-19 pandemic largely shutdown the restaurant and hospitality industry, leaving many producers without a key market for their food commodities.
 
The program awarded contributions to eight organizations that leverage existing food redistribution and recovery networks and agencies, who will bring the food to every region in the country.
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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.