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Federal Carbon Tax Lands in Alberta

The federal carbon tax came online in Alberta on Wednesday. That means it'll cost more to fill vehicles and also heat homes.
 
For those still using coal to heat their homes, the price of a load of coal was pretty much-doubled thanks to the carbon tax. Still, the federal government says the average Alberta family will see a yearly rebate of more than 800 dollars.
 
On Tuesday, Provincial Justice Minister Doug Schweitzer told reporters, the UCP government isn't done with its fight against the tax.
 
"The federal carbon tax strips provinces of constitutional power over their own economies, natural resources, industries and the day-to-day activities of their residents.  The federal government will say their benchmark only sets a minimum standard, but once they are given the power to set standards in areas of provincial jurisdiction, those standards could continue to change without warning. By defending Albertans in court, we are fulfilling our commitment to creating jobs and economic opportunity."
 
The new tax also applies to the fuel used for grain dryers, but Federal Ag Minister Bibeau says she's still open to the idea of an exemption for fuel, like propane, used in drying grain.
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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.