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Minister Bibeau holds First Bilateral Discussion with U.S. Secretary of Agriculture Vilsack

Ottawa, Ontario - The Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, held her first official bilateral dialogue with the United States Secretary of Agriculture, Tom Vilsack, in which they reinforced the strength of the Canada-U.S. agricultural trade relationship.
 
Minister Bibeau emphasized the need to work collaboratively on many mutual priorities with a focus on the resiliency of Canada-U.S. food supply chains, climate change and environmental sustainability.
 
Minister Bibeau and Secretary Vilsack also discussed their mutual interest in championing rules- and science-based international trade. Both parties agreed that working together to address these priorities is critical for agriculture to take a leading role in a sustainable recovery that is inclusive, protects workers and supports jobs and businesses on both sides of our border.
 
The COVID-19 pandemic has shown how critical Canada-U.S. agricultural supply chains are to food security and to our two economies. By continuing to work together to strengthen and maintain integrated agricultural supply chains throughout the pandemic, we can ensure producers on both sides of the border are finding markets for their quality products, and consumers are getting food at affordable prices.
Source : Government of Canada

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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.