Manitoba Ag Ex 2020 Cancelled

Aug 14, 2020

The Provincial Exhibition of Manitoba has made the decision to cancel the 2020 Manitoba Ag Ex, which was scheduled to take place in Brandon during the last week of October.

“The health and safety of our community is of the utmost importance,” said President Greg Crisanti.

The Provincial Ex says that due to the current health concerns related to COVID-19, as well as the provincially mandated regulations for public health and safety, the organization made the difficult decision. This follows the cancellation of the Royal Manitoba Winter Fair, Manitoba Summer Fair, as well as Midway Madness and numerous events in the Dome Building.

“What’s even more difficult is this doesn’t just affect our organization. There are many businesses who rely on our events to generate revenue to support their families,” said Crisanti. "We are intertwined with the fabric of the community in so many ways. Everyone is hurting right now and while we want to help our community through celebration, we cannot commit to that right now.”

The events hosted by the Provincial Exhibition of Manitoba were expected to generate more than $18 million in economic impact for the community in 2020. These events and activities also create hundreds of jobs, including first-time job opportunities for many youths.

“We are committed to producing the events our community needs, but when the time is right,” added Crisanti.

Click here to see more...

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.