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Joint Meeting Strengthens Regional Partnership to Support Ontario’s Agriculture Sector
 
TORONTO - Ernie Hardeman, Ontario's Minister of Agriculture, Food and Rural Affairs, met with André Lamontagne, Québec's Minister of Agriculture, Fisheries and Food, to discuss opportunities to enhance collaboration for the provinces' agriculture and food sectors.
 
The Ministers attended SIAL Canada, North America's largest food-innovation tradeshow, toured each other's provincial pavilions and discussed shared priorities, including emergency management, red tape reduction, risk management programs and trade.
 
"Provinces are working hard to make sure agri-food businesses aren't spending unnecessary time tied up with red tape," said Hardeman. "Our government's multi-year Open for Business Action Plan is tackling the red tape that's driving jobs and investment out of the province; the federal government needs to do the same."  
 
"The purpose of the Politique bioalimentaire 2018-2025 - Alimenter notre monde is to better meet consumer expectations and support agri-businesses more effectively," said Lamontagne. "Since I took office as the Minister of Agriculture, Fisheries and Food, I have seen the obstacles that our system puts in the way of farmers. In several regions, the scarcity of labour and the red tape involved in hiring foreign workers jeopardize businesses' prosperity. The federal government must promptly propose solutions to these problems that hinder all of the agri-food industry."
 
The Ministers recognized the importance of shared responsibility for plant and animal health emergency management and agreed to press the federal government to ensure it is prepared to respond to emerging threats.
 
Ministers Hardeman and Lamontagne further agreed to explore areas of collaboration to grow the agriculture and food sectors of both provinces, domestically and internationally. This includes pressing the federal government to follow through on their promise of full and fair compensation to mitigate the impacts of CUSMA on the supply managed sector.
Source : Ontario.ca

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.