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AG Minister Lyle Stewart Comments on Budget

The Province has handed down its provincial budget which is forecasting a 434-million-dollar deficit for this year.
 
Agriculture Minister Lyle Stewart says his department’s budget is up 7.5% mainly due to the higher crop price projections for the business risk management programs like Crop Insurance and Agri-Stability, while other areas remain about the same.
 
"Ag Innovation and Research, pest control, disease surveillance, trade and market development, AG awareness are all funded about the same as previous years. Industry grants such as the 24H, Ag in the Classroom, Agribition, things of that nature are $4.2 million again."
 
He notes the spending is pretty much unchanged from the previous budgets Ag Research is being funded at 26.8 million dollars with 2 million earmarked for the Global Institute for Food Security.
 
Source : Discoverestevan

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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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