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Wheat Growers Voice Concerns With Federal Government

The Western Canadian Wheat Growers Association (WCWGA) was not pleased with what was presented in the federal government's Fall Economic Statement 2020.
 
The group says that agriculture and specifically grain farmers were expecting to be at least acknowledged as leading the economic recovery from COVID-19.
 
“Grain farmers have met with Ottawa officials on numerous occasions and our voices have consistently fallen on deaf ears. Agriculture is a major economic driver and the federal government won’t discuss supportive policy,” said WCWGA President Gunter Jochum.
 
In a news release, WCWGA says the government should have voiced their support for grain farmers by ensuring that all rail blockades will be immediately dealt with and the rail lines kept clear. The group adds that illegal blockades earlier this year and most recently this past weekend, caused delays in grain delivery and the potential loss of foreign markets.
 
The organization is also calling out what it refers to as the ‘Groundhog Day’ announcements of previously announced support for supply-management. It notes that while the government provides funding for certain industries that should be competitive globally, they have done nothing to support the grain and oilseed sector when they don’t enforce existing free trade agreements.
 
WCWGA says the federal government is failing to negotiate an updated AgStability agreement with the provinces, adding grain farming is currently stable, but the Business Risk Management program needs to be updated for future upheavals.
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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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