Ontario’s Auto Sector Lagging, Food Sector Booming

Sep 17, 2012

New Report Reveals Food Processing Sector Major Job Creator

Ontario is known for its manufacturing industry, most specifically the auto sector. However, what most people don’t know is that the food processing sector employs more people in Ontario than the auto sector. The Alliance Ontario Food Processors Association commissioned a report with the hopes to catch the attention of governments and investors. The report found that Ontario’s food processing sector employs 127,000 people, not including the primary producer who supplies the goods for the food sector – farming jobs are an added 90,000. Let’s just say the impact of the agi-food sector and agriculture in general is underestimated. According to 2010 data, while Ontario’s auto sector had revenues of $43.6 billion, the food processing sector had revenue of $39 billion and the added value of farm revenue was close to $50 billion.

The food processing sector boasts of being “recession proof” with an annual growth of 2 percent yearly increase. With the ongoing struggle of the auto sector and the significant amount of government funds that that industry has received so that it wouldn’t completely tank, the food processing industry now wants a piece of the government pie too. The industry hopes that the report will be a good lobbying tool when making demands to the government and are advocating for their own investment fund, similar to the one that auto sector receives. Maybe the industry should rethink their strategy. Instead of asking for a government handout, the industry should work on boosting awareness about the significant contributions that the industry makes to Ontario’s economy while continuing to be self-sufficient and sustainable.

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.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Food Recall: Milford Valley Farms Crunchy Chicken Strips

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