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Minister Bibeau announces reappointment to the Canadian Dairy Commission

Ottawa, Ontario – The Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, announced the reappointment of Serge Riendeau as Chief Executive Officer of the Canadian Dairy Commission (CDC) for a one year-term, effective May 14, 2021.
 
Mr. Riendeau was first appointed as CEO of the CDC in 2018. During his tenure, he has made significant contributions to the sector, including supporting the negotiations for the new Canada-United States-Mexico Agreement and chairing the Canadian Milk Supply Management Committee. Prior to his appointment, he operated a dairy farm for over 40 years and served 26 years on the Board of Directors at Agropur, Canada’s largest dairy processor, including 15 years as president. Mr. Riendeau is also an active supporter of charities for children facing bullying and violence.
 
With Mr. Riendeau’s term ending in May 2022, the Government of Canada is launching appointment processes for a new full-time CEO and a part-time chairperson at the CDC. Please visit the Governor in Council appointments webpage to learn more and to apply to these opportunities.
Source : Government of Canada

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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!