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Pork Producers Hoping Things Turn Around In 2021

2020 was a tough year for Canadian pork producers.
 
Tyler Fulton is Director of Risk Management with Hams Marketing Services.
 
"Producers here in Canada went through probably their worst four months of profitability that we've probably seen in 20 year. It's taken a lot of equity out of the market in a short period of time and it's going to take a while to rebuild that. The industry is resilient and I think those that are still in the business are definitely dedicated to it."
 
Fulton says COVID-19 had a very significant impact on the meat industry as a whole, adding Canadian pork packers did really well to manage the impact in their labour force but that didn't avoid the major losses that accrued to the producers.
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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.