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Ontario's grain farmers applaud the defeat of Bill C474

GUELPH, ON (February 11, 2011) – Grain Farmers of Ontario is relieved that Canada’s science-based regulatory system was upheld after bill C474 was defeated in third reading in the House of Commons.

Bill C474 recommended changes to the Seeds Regulations that would require export market analysis to be done before any new GMO technologies pass through the Canadian regulatory process.  In Canada, new GMO traits go through a rigorous evaluation by the Canadian Food Inspection Agency before they can be grown– a clear, predictable process evaluating new technologies based on sound science.

“I just returned from a trade mission to Brussels, Belgium with Agriculture Minister Ritz where we asked the EU to take a science-based approach to trade and GM crops,” says Don Kenny, chair of Grain Farmers of Ontario.  “This bill would have undermined everything we advocated for.”

Canada exports over 30 million tonnes of grain every year to more than 70 countries worldwide.  The trade revenue to Canada from these exports is over $12 billion.

“The defeat of this bill is a real win for Ontario grain farmers.  It ensures we have access to the technology we need to increase crop yields, lower our costs, protect the environment and be competitive,” says Kenny.  “We are grateful to the many MPs who lead the defeat of this bill including Agriculture Minister Gerry Ritz.”

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 May 31, 2017

Wednesday, May 31, 2017

May 31, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.71  01 cents
Soybeans CBOT July 9.26  22 cents
Wheat CBOT July 4.30  02 cents
Wheat Minn. July 5.72  11 cents
Wheat Kansas July 4.31  01 cents
Chicago Oats July 2.48  10 cents
Canadian $ June 0.7402  0.45 points

Harvest 2017 crop cash prices as of close on May 31, 2017
SWW @ $198.22/MT ($5.39/bu), HRW @ $198.22/MT ($5.39/bu),
HRS @ $233.70/MT ($6.36/bu), SRW @ $198.22/MT ($5.39/bu).

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Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

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