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Canada's Application For Negligible Risk Status For BSE Passes Important Milestone

On Friday, Minister of Agriculture and Agri-Food Marie-Claude Bibeau announced that Canada is an important step closer to being recognized by the World Organisation for Animal Health (OIE) as a negligible-risk country for bovine spongiform encephalopathy (BSE).
 
"Today, beef producers can be pleased that Canada has taken an important step to being recognized as negligible risk for BSE," said Bibeau. "Although we still need to await the final vote, I am optimistic that this will soon allow them to expand their markets for cattle and beef exports to the U.S. and other foreign markets. Our government will continue to stand up for our hard-working beef producers who provide top-quality products."
 
The Scientific Commission of the OIE has recommended to OIE delegates that Canada's application to change its status from a controlled-risk country for BSE to one of negligible risk fulfills the necessary requirements.
 
This recommendation has been sent to OIE Delegates who will officially vote on Canada's application at the next World Assembly of OIE Delegates General Session at the end of May 2021.
 
A change from controlled to negligible BSE-risk status would help secure and negotiate access for Canadian cattle and beef products to trade markets that require products to originate from negligible BSE-risk status countries.
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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.