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Trade deal between Canada and the EU worries some dairy producers

Nova Scotian cheese producer among those concerned about competition

By Diego Flammini
Assistant Editor, North American Content
Farms.com

Dairy producers are raising concerns about what the newly signed Comprehensive Economic and Trade Agreement (CETA), signed between the European Union and Canada, could have on local markets.

The agreement will allow more than 17,700 tonnes of cheese to be imported.

Dairy Farmers of Canada said it understands the government’s need to sign trade agreements. The organization says, however,  the expanded markets for imported European cheeses could cost dairy farmers up to $116 million annually.

“Canadian dairy farmers have never opposed Canada signing more trade deals, as long as there are no negative impacts on dairy farmers as a result of these agreements,” the organization said in a statement.

In Nova Scotia, local cheesemakers and dairy officials are concerned the influx of foreign cheese could hurt local producers.

“It really affects the dairy farmers, the ones producing the milk nationally, as well as the small and medium cheese makers,” Brian Cameron, the general manager of Dairy Farmers of Nova Scotia, told CTV News.

“We are going to have more competition because more varieties of cheese are going to be here and we’ve got to differentiate our cheese more and more,” Frazer Hunter, a cheesemaker who runs the only organic dairy farm in Nova Scotia, told CTV News.

"We already give access to more than 20,000 tonnes to our market. Fine cheeses in Quebec represent between 50,000 to 90,000 tonnes,” Alain Bourbeau, general manager of Quebec Dairy Producers, told CBC. “If there's 16,000 tonnes more coming in the country, it represents between 20 and 30 per cent concessions to the largest cheese processors in the world. So the pressure will be very big here."

To learn about the pork industry’s views on CETA, read this other Nov. 2. article


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Video: 2025 USDA December Crop Report a “Dud” + Trump $12 Billion U.S. Farm Aid


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USDA also released its long-term early projections but expect more changes by February of 2026.
Trump announces a $12 billion U.S. farmer aid package to be paid out by February 28, 2026. This helps no one but the ag banks, farm equipment companies, seed and fertilizer companies. It does prevent more farmer bushels from being sold near-term but is not bullish grain prices long-term. The Trump administration should focus on increasing U.S. domestic demand and propping up grain futures so farmers can cover their higher costs, up since COVID of 2020.
The China U.S. soybean purchase tracker now stands at 4.521 mmt or 38% of the 12 mmt promised by China at year end or is it end of February or the growing season? Why the discrepancy vs. the fact sheet. The optics are poor for the Trump administration.
After surging to contract highs U.S. natural gas futures plunged over 30+% in just 5-trading days!
Silver traded to new record highs as the debasement and de dollarization trade continued but technicals remain overbought near-term.
Soybean futures remained in correction mode after the funds went record long futures on Nov. 19 +233,000 contracts but the $10.80 support should hold into year end when the fund profit taking/liquidation comes to an end from the year end, end of month and end of quarter selling.
The U.S. Fed cut interest rates for the 3rd time by 25 basis points to a range of 3.50 – 3.75% and they will only cut one more time in 2026 and once in 20267/ but when Powell is gone next April the replacement is willing to cut more aggressively and we could see U.S. interest rates fall to 2.0% very bullish for ag and stocks as it could reignite inflation into 2027.
After 2 months of being drier than normal in Brazil the rains have finally arrived for the 1st half of December, and a record crop is still in the cards but if this pattern continues and verifies it could start to delay the harvest. Argentina after being too wet has turned dry but they are too small, compared top Brazil in the grand picture.
The Canadian dollar surged to $0.73 after better-than-expected employment data with 180,000 new jobs in the past 3-months and 3rd quarter GDP at +2.6% but this could be short-lived.
The latest CFTC report as of 11-19-2025 reported a record long fund position in soybeans at +233,000 contracts when 2026 March soybean futures peaked on 11-19-25 at $11.724/bu.