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CFA TO HOST AGRICULTURE LEADERSHIP DEBATE

The Canadian Federation of Agriculture (CFA) has clearly outlined three key issues prior to the October 21 federal election. Reuters economics reporter Kelsey Johnson will moderate the debate focused on economic growth, food security and environmental stewardship.
 
From a farmer’s perspective, the agriculture and agri-food sector employs 2.3 million Canadians – one in eight jobs. Contributing more than $140 billion in GDP each year, agriculture is the nation’s second largest employer.
 
From a consumer’s perspective, about 10 per cent of take-home pay is spent on food. How the food chain works to meet consumer needs is an important part of the conversation.
 
Leaders from the four main federal parties will debate the challenging issues that face Canadian farmers and food processors.
Source : CFA

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Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.