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Quebec Must Open to Canola-Blended Products as Ruling Upheld

An Appeal Panel under the Agreement on Internal Trade (AIT) have upheld a decision made last year that opens the Quebec market to canola-based dairy alternatives and creates new opportunities for processing and marketing Canadian-grown canola.
 
The initial challenge was made by the Government of Saskatchewan in 2014 regarding Quebec’s Food Products Act. Saskatchewan challenged that the Act restricted the production, sale, and marketing of vegetable oil-based dairy alternatives in the province and contravened the country’s internal trade rules. 
 
In March 2014, AIT ruled in favour of the Saskatchewan challenge, which was supported by the Governments of Manitoba, Alberta, and British Columbia. Quebec appealed the panel’s decision, and hearings were held in Regina on October 27, 2014. It was announced on February 25, 2015 that the initial ruling would be upheld.
Canadian Canola Growers Association (CCGA) has been a firm supporter of this challenge. “We thank the Government of Saskatchewan for initiating this dispute and are pleased to see the ruling upheld,” says Rick White, CEO of CCGA. “Canola and other oilseed-based dairy alternatives have faced significant barriers to entering the Quebec market. Canola farmers believe eliminating these trade barriers, whether domestic or abroad, are key to our farms’ success.”
 
CCGA also acknowledges the leadership provided by the Vegetable Oil Industry Association (VOIC) in identifying this internal trade barrier and providing a strong rationale for presenting the case to the AIT. “VOIC has been a strong advocate for the entire Canadian vegetable oil industry, including the farmers who grow canola seeds that are crushed into Canada’s healthiest cooking oil,” says White.
 
Source: CCGA

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USDA Crop Reports/Trade Deals a Bust + Monster U.S. Corn Crop = Lower Prices

Video: USDA Crop Reports/Trade Deals a Bust + Monster U.S. Corn Crop = Lower Prices


StoneX projects a monster U.S. 2025 corn yield at 186.9 bpa, while the USDA provided no big surprises in the July crop report. A lack of U.S. trade deals/ag purchase agreements after 3-months but rather an escalation/threat in tariffs with 30% to Japan, 25% on South Korea, 35% for Canada and 50% for Brazil/copper is weighing on fund ag sentiment.

Regardless, funds after 3 years continue to chase and pile into Bitcoin ETF’s and the AI trade with NVDA both at new all time record highs and NVDA hitting the $4 trillion market cap first.

U.S. weather remains non-threatening for July and dry areas of Northern Illinois are getting rain.

Western Canada is expected to get periodic rains every 3-4 days with no excessive heat, but farmers are complaining that the rain chances very seldom materialize.

U.S. border to Mexican feeder cattle closes again to screwworm and should remain closed but this combined with new U.S. tariffs for Brazil means less supplies and a continuation of the bull market in cattle.