CFA Applauds Signing Of Revised NAFTA

The Canadian Federation of Agriculture (CFA) is applauding this week's signing of a revised NAFTA agreement.

 

Officials from Canada, the U.S. and Mexico met in Mexico City to approve the deal.

 

"First and foremost we're happy to see that a deal is done," said CFA First Vice President Keith Currie. "This deal is better than no deal for sure. We want to make sure that we are able to continue our trade with our biggest trading partner, that being the United States of America."

 

He notes there are some cautions with what the dairy sector has had to give up.

 

"Certainly we don't want to see that happen in any future deals," commented Currie. "They have certainly had to compromise some of their market access. There's a little concern around the world-wide cap on exports of certain dairy products in this deal which is kind of unprecedented in a regional type of trade agreement. We want to make sure that we're able to keep this country reliable on access to global markets."

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.