Unprecedented harvest commodity rally and the impact of US agricultural subsidies

Unprecedented. That's how a senior commodity analyst has described the grain trade. Wayne Palmer is with Exceed Grain Marketing and he says a rally at harvest is unheard of and the first time he has witnessed this in his 40 years in the business. He will explain what's been happening, how it has impacted prices and explains what farmers can watch for in order to cash in on possible grain and oilseed price increases. Huge U.S. agricultural subsidies are impacting Canadian business risk management programs. The Trump administration has announced four multi-billion dollar aid programs for U.S. farmers over the past three years . . . some as compensation for the US/China trade war and others are connected to COVID 19. An independent economic research organization is sounding the alarm in a policy note released last week. Dr. Al Mussell is the research lead for Agri-Food Economic Systems based in Guelph, Ontario. He'll explain how US ag subsidies are distorting the market.See omnystudio.com/listener for privacy information.