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Ontario Celebrates Food Day Canada

Ernie Hardeman, Ontario's Minister of Agriculture, Food and Rural Affairs, issued the following statement on tomorrow's Food Day Canada:
 
Ontario is home to an incredible group of hardworking farmers across 49,600 farms producing over 200 nutritious and delicious food items for our province, our country and the world. On Food Day Canada, I want to recognize and thank our farmers, food processors and researchers who feed and nourish us every day while making Ontario's agri-food sector a global leader.
 
We know good things grow in Ontario and this all starts with the bright minds at the forefront of exciting agricultural and food innovation in the province. 
 
My ministry's long-time partnership with the University of Guelph, known as the Ontario Agri-Food Innovation Alliance, has produced remarkable discoveries in science, technology and even entirely new foods.
 
Whether baked or boiled, the delicious and versatile Yukon Gold potato variety was developed in 1966 right at the University of Guelph. Researcher Gary Johnson created the potato to appeal to the emerging preference for yellow-fleshed potatoes. 
 
The constant change in consumer tastes creates exciting opportunities for researchers to innovate. Brothers Erik and Francis Lo, also at the University of Guelph, are the minds behind Yoso, a vegan yogurt made with organic soybeans grown in southwestern Ontario. University of Guelph researchers have also introduced the world to DHA and omega-3 enriched milk and omega-3 eggs.
 
Ontario is known around the world for producing high-quality staples everyone enjoys — milk, eggs, potatoes and more. But Ontario also produces the most diverse foods across Canada, including hazelnuts, bok choy, quinoa and even crickets!
 
Last month, I was honoured to present our inaugural Excellence in Agriculture Award to Entomo Farms, in Norwood, which harvests sustainable and protein-rich crickets to make food for people, pets and livestock around the world.
 
In Turkey, 80 per cent of the world's supply of hazelnuts are grown. But when Ferrero — the maker of Nutella and the largest purchaser of hazelnuts in the world — opened a plant in Brantford in 2006, this launched a huge opportunity to increase hazelnut production right here in Ontario.
 
I invite all Ontarians to pick up the many delicious foods produced in the province (there are more than 200!) not just today, but every day.
 
Ontario food, and the Ontarians who make it, are all worth celebrating. Happy Food Day Canada!
Source : OMAFRA

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

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.