Alberta Producer To Chair CCGA

Feb 24, 2021

The Canadian Canola Growers Association’s board of directors has elected Mike Ammeter from Sylvan Lake, Alberta as Chair.

He moves into the role for a two-year term taking over from Bernie McClean.

Ammeter says he's honoured to accept the position of Chair and look forward to working with the board of directors and the staff.

"These are interesting times for canola farmers with exciting opportunities ahead."

The Canadian Canola Grower's Association Board of Director's represents five provincial canola organizations.

Chair – Mike Ammeter (Alberta Canola)

Vice-Chair – Roger Chevraux (Alberta Canola)

Secretary – Katelyn Duncan (SaskCanola)

Treasurer – Andre Harpe (Alberta Canola)

Director – Robert Vander Linden (B.C. Grain Producers Association)

Director – Bernie McClean (SaskCanola)

Director – Dean Roberts (SaskCanola)

Director – Jack Froese (Manitoba Canola Growers Association)

Director – Clayton Harder (Manitoba Canola Growers Association)

Director – Hubert Beaudry (Ontario Canola Growers Association)

Click here to see more...

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!