Canadian Fertilizer Industry Commends CFIA for Collaborative Review of Fertilizers Regulations

Mar 14, 2019

OTTAWA, ON – Fertilizer Canada commends the Canadian Food Inspection Agency (CFIA) for its work to update the regulations and reflect the needs of the industry. A modernization of the Fertilizers Regulations encourages innovation, environmental and economic sustainability and international leadership for Canada in the field of fertilizers and supplements.

Effective, science-based regulatory oversight of fertilizer and supplement products ensures the safety of the Canadian marketplace. Amendments to the Fertilizers Regulations that keep pace with science, industry developments and international harmonization improve timely access to safe and reliable products for Canadian farmers.

“The Canadian fertilizer industry is continuously looking to innovate and make improvements to further our strategic goal of ensuring the safe and sustainable use of fertilizer products,” said Garth Whyte, President & CEO of Fertilizer Canada. “Fertilizer Canada values our collaborative relationship with the CFIA and appreciates opportunities to participate in the review process of regulations.”

Through the Canadian Fertilizer Products Forum, members of Fertilizer Canada were highly engaged in a positive review process and were able to provide early input to shape the modernized regulations. Our association has also done a technical review of the draft regulatory text and have compiled a summary of industry recommendations with technical amendments to further improve the draft Regulations.

Fertilizer Canada and its members encourage the CFIA to continue to consult with industry when developing guidance documents and providing clear language interpretation for the Fertilizers Regulations. We look forward to continuing to work with them to meet and discuss the industry’s recommendations of the proposed amendments.

Source : fertilizercanada

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!