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Government Will Listen To Farmers As It Drafts Climate Policy: Ag Minister

Farm groups will be consulted as the federal government works toward a national climate change strategy, Federal Agriculture Minister Lawrence MacAulay pledged Friday.
 
But the Minister — in Calgary for an annual meeting with his provincial and territorial counterparts — declined to speculate when asked whether agriculture will be subject to the full weight of a potential federal carbon tax or if farmers might instead receive special exemptions or credits.
 
“I’m not ruling out or ruling in anything,” MacAulay told reporters. “It’s discussions that have to take place with the sectors and the governments.”
 
MacAulay, flanked by provincial and territorial agriculture ministers, made the remarks at a news conference wrapping up three days of meetings aimed at setting the direction for Canada’s next agricultural policy framework. The current framework, Growing Forward 2, is a $3 billion federal and provincial investment in agriculture programs and services  that is set to expire in 2018.
Ministers identified a number of priorities for the new policy framework, including market access and trade, food processing, science and innovation, and public trust and confidence in agriculture. They also named climate change and the environment as a major issue that must be addressed through agriculture policy.
 
“Basically we have to do something on climate change, in order to address the issue, and I know that farmers are very keen and pleased to be involved,” MacAulay said.
 
But a national carbon tax — an idea that has been floated recently by the federal government — may not be what farmers have in mind. Canadian Federation of Agriculture president Ron Bonnett said farmers know they have to do their part on the climate change issue, especially because they are “on the front lines” as weather patterns become more severe. But he said farmers also believe their industry is unique in that practices such as no-till farming and modern fertilizer management have carbon sequestration potential.
 
“We know there’s going to be something put in place to deal with carbon emissions, but there has to be a recognition that we’re not just an emitter — we’re actually an industry that can put carbon back into the soil and into the plants,” Bonnett said.
 
Source : Albertapork

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!