Strengthening agricultural ties with the U.S. and Mexico: Statement from Minister Sigurdson

Aug 21, 2023

“This week I had the privilege of representing Alberta’s agriculture sector at the 2023 Tri-National Agricultural Accord in Saskatchewan.

“Alberta is known worldwide for its robust agriculture sector, with the U.S. and Mexico remaining huge export markets for our province. We are proud leaders in sustainable agriculture and are setting new records for agri-food production and exports.

“Current drought conditions are making it difficult to maintain the growth in our agriculture industry, which is why I took the opportunity to speak with federal Minister of Agriculture and Agri-Food Canada Lawrence MacAulay to emphasize the urgent need in Alberta for AgriRecovery disaster relief.

“Through trilateral and bilateral sessions with senior state officials from Canada, the U.S. and Mexico, we were able to discuss significant agricultural trade and development issues in North America.

Click here to see more...

Video: Wheat Futures Head for the Moon on Escalating Drought Concerns

???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.