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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 July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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