Organic Week Celebrated in Canada

Sep 26, 2012

Organic food and agriculture production is being celebrated this week with Canada’s National Organic Week that runs from September 22-29th. The annual celebration seeks to showcase organic agriculture at a national scale and engage in a dialogue about the health benefits of organic food. There are three main points that the advocacy week is celebrating. The following is what the supporters of the organic week want consumers to know:

•    A growing and thriving sector – there are lots of new organic farmers entering into the industry and the trade opportunities for the organic market abroad is growing.
•    A transparent food option – organic food is heavily regulated in Canada so consumers can trust that if they see an organic label in the grocery store or farmers market that they are getting what they are paying for.
•    A source of food that is environmentally sustainable – organic farmers are stewards of the land and work towards ensuring that the food they produce protects and preserves the soil and encourages biodiversity.

There are a number of events happening all across the country. More information can be found at http://www.organicweek.ca/events.php

You can also follow their Twitter feed for the latest updates at @organicweek

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

Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
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?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
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.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.