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Canada U-S Agriculture Trade Discussed

Agriculture and Agri-Food Minister Marie-Claude Bibeau spoke to her U-S counterpart on Thursday.
 
Bibeau and U-S Secretary of Agriculture Sonny Perdue emphasized the importance of agricultural trade and food security.
 
In responding to the COVID-19 pandemic, they affirmed that agriculture and food production are critical infrastructure and underscored the importance of seeing uninterrupted food and agriculture trade across the Canada-U.S. border.
 
They acknowledged the continued collaboration between the two countries is needed to facilitate our integrated supply chain and to safeguard the health of our industries and our citizens.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


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.