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Time Is Running Out On AgriStability Proposal

As of Tuesday morning, Federal Agriculture Minister Marie-Claude Bibeau was still waiting for a response from the Prairie provinces regarding her AgriStability proposal.
 
The proposal was put forward during the Federal, Provincial and Territorial Agriculture Minister’s meeting in November. Ottawa is proposing to remove the reference margin limit for AgriStability, as well as increase the compensation rate from 70% to 80%.
 
She addressed the media during Keystone Agricultural Producer's (KAP) AGM.
 
"To make any significant changes as those I have proposed, we need two-thirds of the provinces to agree and the weight of each of province is based on the level of participation of the farmers of the province. For us to reach this two-third level, we need two of the three provinces."
 
Bibeau says they'll need a response in the next few days.
 
"I've said that if we want to make it retro-active for 2020, we can not go any further than the end of the month of January. I don't want to close the door for improvement for this year and next year, so the sooner the better."
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USDA Too High On 2026 Crop Yields + 26 U.S. Harvest From Hell!

Video: USDA Too High On 2026 Crop Yields + 26 U.S. Harvest From Hell!


USDA surprised with higher 2026 U.S. corn yields but it’s early with just over 20% of the U.S. harvest complete. NE, IA and IL corn and soybean yields continue to hold up the national average corn and soybean yields.
U.S. corn crop conditions fell 3% to 54% G-E and NE corn yield goes up 11 bpa with the 2nd wettest to record wet month of September and harvest only 15% complete??????
Some regions in the U.S. had the hottest summer in 140 years while others had record flooding?????
The Black Sea region is worse not better.
Brazilian real rally.
Brazil looks dry into November.
+ CFTC.