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OFA delivers state of Ontario’s agri-food sector at Queen’s Park

GUELPH, ON – Three leading agri-food organizations came together at Queen’s Park to highlight growth opportunities for food production and processing, explain the significant economic impact of the sector and outline necessary infrastructure investments to expand the industry. The Ontario Federation of Agriculture (OFA), together with the Ontario Agri Business Association (OABA) and Food and Beverage Ontario (FBO) presented the state of Ontario’s agri-food sector to representatives at Queen’s Park today.
 
“The agri-food industry is a powerhouse for the province. When you consider key economic indicators – contributing more than $47 billion to Ontario’s GDP and supporting $8.1 billion in annual wages and salaries – our industry is making tremendous contributions to the prosperity of all Ontarians,” says OFA President Keith Currie.
 
OFA outlined the challenges the agri-food sector in Ontario and across Canada faced in 2019. Market disruptions, trade issues, labour disputes and weather have made it a difficult year for most farmers and OFA members. Despite the challenges of the 2019 season, OFA noted progress on agricultural files with the provincial government – announcements on red tape reduction, natural gas expansion, broadband infrastructure, the Provincial Animal Welfare Services Act and the latest Security from Trespass and Protecting Food Safety Act. “Working together, we can unlock continued economic growth and opportunities for agri-food and our rural communities,” says Currie.
 
Dave Buttenham, CEO of OABA remarked on recent government announcements that have supported their members, including red tape reduction and proposed changes to modernize the Ontario Pesticides Act. Buttenham also outlined necessary regulatory changes to enable agri-business to continue to grow and remain competitive. “The agri-business sector is a key stakeholder in the agri-food value chain, with over 340 member firms providing essential products and services to over 40,000 farmers in the province on a daily basis,” says Buttenham. “The sector is proud to partner with their Ontario farm customers in the production of safe and nutritious food with a direct emphasis on food safety, animal welfare, environmental sustainability and farm profitability.
 
“It is through our supply chain partners and positive relations with this government that the food and beverage manufacturing industry in Ontario will thrive,” says Norm Beal, CEO, Food and Beverage Ontario “Together, we can find the right solutions to achieving a competitive environment for businesses and an excellent quality of life for the people of Ontario.”
Source : OFA

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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.
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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.
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