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Canada's Ag Ministers To Meet Virtually Later This Month

Canada's agriculture ministers will meet virtually November 20th and 27th.
 
Agriculture and Agri-Food Minister Marie-Claude Bibeau commented on some of the topics that will be discussed.
 
"Obviously improving AgriStability is a top priority," she said. "We'll have a good conversation on African swine fever. I know we'll talk also about the fees that are now imposed by some big retailers. Always take this opportunity to give an update to our provincial colleagues on the federal responsibilities around international trade, for example, science and innovation."
 
The FPT meeting was postponed twice this year due to COVID-19 and the Saskatchewan election.
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Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.