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Supporting Ontario Food Terminal's Long-Term Success

Minister of Agriculture, Food and Rural Affairs Ernie Hardeman and Etobicoke-Lakeshore MPP Christine Hogarth were at the Ontario Food Terminal to announce the initial findings of the government's review on modernizing and enhancing the terminal. Early findings show the advantages of its location in South Etobicoke and Minister Hardeman confirmed the Food Terminal will stay at its current location.
 
These preliminary findings mirror information from MPP Hogarth on the importance of the Food Terminal in Etobicoke as a key economic hub for Ontario food and local jobs.
 
"We spoke with everyone who uses the facility: farmers, buyers, distributors, consumers, and restaurant owners and they all agreed our agri-food sector is best served by working to improve the Ontario Food Terminal at its current location," said Minister Hardeman. "This terminal is a key pillar of success for Ontario agriculture and I look forward to working with the industry to help grow our province's agri-food sector and ensure its long-term prosperity for the next five, ten and fifty years."
 
"I am pleased Minister Hardeman reaffirmed my position that the Ontario Food Terminal continue to operate at its location in Etobicoke-Lakeshore," said MPP Hogarth. "I know its continued success and growth right here in Etobicoke will create even more local job opportunities."
 
Today, the Toronto Wholesale Produce Association also announced, that working with the government, it will make a significant investment to modernize the Ontario Food Terminal with a focus on the Farmer's Market.
 
"We are excited about the future of the Ontario Food Terminal and building on the success  we have had at this location," said Steve Bamford, Toronto Wholesale Produce Association. "We are proud to be making a significant investment in the modernization and future of the terminal and the farmers market."
 
As the review of the Ontario Food Terminal continues, the government will look to capitalize on modern food distribution systems, infrastructure enhancements for Ontario farmers, and promotion of local food that keeps pace with consumer demand.
Source : Ontario.ca

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


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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?
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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.
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