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Farmers Concerned About Carbon Tax

Prime Minister Trudeau told the Commons this week, when it comes to having Canadians pay the federal carbon tax, people are "better off."  That comment comes as farm groups on the prairie look to Ottawa to exempt farm fuels...especially those used for drying their crops. 
 
Ian Boxall with APAS says the PM's comment was disappointing, but he remains optimistic the government will help producers.
 
"I think maybe they haven't had time to look at the numbers yet. We fulfilled their request and provided those numbers on all aspects that we could quantify and there is stuff we haven't been able to quantify, like additional costs and manufacturing. The numbers we could quantify we gave them and they requested those. People have to remember that farmers are the biggest stewards of the land. It produces livelihoods for the family's, boosts our communities, provinces and the country. We are well aware of climate change and the effects it has on our livelihoods and we don't have the opportunity to pass those extra costs that the carbon tax along to the people that he talks about that are getting more of a rebate," explained Boxall. 
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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.