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Minister Bibeau attends virtual 2021 Summit of State Agriculture and Rural Leaders

OTTAWA, ON - Canada and the U.S. enjoy the largest agricultural trade relationship in the world. The Canada-U.S. agriculture partnership strengthens our place in the global market, ensures people have access to safe and high quality food and will be vital to the relaunch and recovery of our economies. 
 
Today, Minister of Agriculture and Agri-Food Marie-Claude Bibeau delivered a keynote address during the virtual 2021 Summit of State Agriculture and Rural Leaders (SARL).  During her address, Minister Bibeau pledged to work with the incoming U.S. administration to further strengthen the bilateral agricultural trading relationship between Canada and the United States.
 
Minister Bibeau spoke of the many challenges created by the COVID-19 pandemic and the pressure it has put on farmers, processors, and the entire food value chain. The Minister raised many areas of collaboration between governments such as research, regulatory, health and safety, as well as joint efforts to prevent and prepare for African Swine Fever. The Minister also highlighted the importance of continued collaboration to ensure our agriculture sectors remain resilient and globally competitive.
 
Source : Cision

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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.