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Canola Growers Welcome China Ambassador Announcement

The Canadian Canola Growers Association (CCGA) is pleased to see that a new ambassador has been named to China.
 
This week, Prime Minister Justin Trudeau announced that Dominic Barton would fill the position.
 
“We’re pleased to see the appointment of Dominic Barton as Canada’s Ambassador to China,” says CCGA President Bernie McClean. “His extensive business experience in Asia makes him well-suited to move Canada-China trade relations in a positive direction.”
 
Barton most recently chaired the advisory council on economic growth, which highlighted the importance of strengthening Canada’s agri-food sector for future economic growth.
 
“We’ve consistently emphasized the importance of appointing a new Ambassador as part of the solution to resolving trade issues with China,” commented CCGA Executive Director Rick White. “It’s good to see that recommendations coming out of the Canola Working Group are being implemented.”
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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.