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Trans Pacific Partnership great news for Ontario grain farmers

GUELPH, ON (June 21, 2012) – The recent announcement that Canada has officially received an invitation to join the Trans Pacific Partnership trade negotiations is great news for Ontario’s grain farmers.

Official talks about the details and terms of this trade agreement won’t take place until the fall. Until that time, the federal government and commodity groups will consider all options and outcomes surrounding this partnership that will encourage business opportunities for Canadian farmers.

“The announcement that Canada is moving forward with Trans Pacific trade talks is very positive,” says Grain Farmers of Ontario chair Henry Van Ankum.  “Our organization encourages the Canadian government’s continued efforts to develop new markets and reduce trade barriers for Ontario’s grain farmers.”

Grain Farmers of Ontario supports the Canadian governments’ participation in the Trans Pacific Partnerships trade negotiations because of the large volume of soybean exports to this region. In 2010, exports to counties already in the Trans Pacific Partnership made up 43 percent of the total exports of Canadian soybeans.

If Japan is also given a seat at the negotiations it will provide the best opportunity for market growth for Ontario’s grain farmers.  Japan is an integral part of expanding our international markets, as it is estimated that Canada holds a 38% share of Japans food grade market for soybeans. 

“If both countries enter the Trans Pacific Partnership, Canada’s relationship with Japan for exports will potentially strengthen and in turn benefit Ontario farmers,” comments Van Ankum. 

Grain Farmers of Ontario encourages the Canadian government to continue the positive work to develop new markets and reduce trade barriers for Ontario’s grain farmers.  

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.

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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Grain Market Commentary for February 7, 2018

Thursday, February 08, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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Commodity Period Price Weekly Movement
Corn CBOT March 3.61 ↑ 05 cents
Soybeans CBOT March 9.96 ↑ 04 cents
Wheat CBOT March 4.51 ↑ 18 cents
Wheat Minn. March 6.07 ↑ 01 cents
Wheat Kansas March 4.67 ↑ 35 cents
Chicago Oats March 2.65 ↓ 10 cents
Canadian $ March 0.8130 ↑ 0.23 points

Notice: The commentary for all commodities was written at 10 a.m. on February 8 before the release of the February United States Department of Agriculture (USDA) report.

Cash Grain prices as of the close, February 7, are as follows: SWW @ $210.13 ($5.72/bu), HRW @ $207.82/MT ($5.66/bu), HRS @ $233.89/MT ($6.37/bu), SRW @ $205.52/MT ($5.59/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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