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Grain Farmers of Ontario participates in EU trade mission

GUELPH, ON (January 28, 2011) – Agriculture Minister Gerry Ritz and Grain Farmers of Ontario chair, Don Kenny recently returned from a two day trade mission in Brussels, Belgium to advocate for a GM tolerance level for future shipments.

The European Union (EU), Canada’s largest export market for soybeans, currently has no tolerance for even minuscule traces of unapproved GM (genetically modified) material in imported grain shipments.   Meetings were held with EU Commissioners, Members of Parliament and key industry representatives to emphasize the importance of supporting science-based trade regulations.

“Canada exported almost a million tonnes of soybeans to the EU in 2009 and the zero tolerance rules are a big threat to future exports,” says Kenny. “Allowing a low-level presence of unapproved GM in future grain shipments would be a great benefit to our soybean farmers.”

2010 was a phenomenal year for soybean production in Ontario, Quebec and Manitoba as a record 4.2 million tonnes were produced. Of this production, approximately 2.7 million tonnes will be exported.

“Grain Farmers of Ontario is committed to protecting and expanding our soybean export markets and this trip was an excellent opportunity to discuss this important issue with EU officials,” says Kenny.

Grain Farmers of Ontario was proud to represent our country on this trade mission to the EU and would like to thank Agriculture Minister Gerry Ritz for advocating for a low-level tolerance of unapproved GM material in future grain shipments from Canada.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $2.5 billion in farm gate receipts, result in over $9 billion in economic output and are responsible for over 40,000 jobs in the province.

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Grain Market Commentary for September 13, 2017

Wednesday, September 13, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.51  10 cents
Soybeans CBOT November 9.60  11 cents
Wheat CBOT December 4.43  03 cents
Wheat Minn. December 6.43  01 cents
Wheat Kansas December 4.44  05 cents
Chicago Oats December 2.38  05 cents
Canadian $ December 0.8196  0.15 points

Harvest 2017 prices as of the close, September 13 are as follows:
SWW @ $182.92/MT ($4.98/bu), HRW @ $185.15/MT ($5.04/bu),
HRS @ $238.95/MT ($6.50/bu), SRW @ $182.91/MT ($4.98/bu).

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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