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Canadian Soybean Council receives funding from agri-marketing program

GUELPH, ON (December 23, 2013) – Grain Farmers of Ontario, on behalf of the Manitoba Pulse Growers Association (MPGA) and Fédération des producteurs de cultures commerciales du Québec (FPCCQ), under the Canadian Soybean Council (CSC) brand are continuing the development of new markets for Canadian soybeans, thanks to support from the Federal Government.  The Agri-Marketing Program, an initiative of Growing Forward 2, has granted $104,192 to the CSC for activities related to building and expanding international markets for Canadian soybeans.

The funding will be used towards developing outgoing programs specific to the European Union, Japan and Korea, as well as several publication materials to further enhance Canada’s brand as a supplier of high value, traceable, safe and quality assured soybeans.

In 2012 Canada exported over 3.3 million metric tonnes of soybeans to 50 different countries. Canadian soybean exports were also the 4th largest agri-food export from Canada valued at over 2 billion dollars.

“Grain Farmers of Ontario on behalf of MPGA and FPCCQ would like to thank the Federal Government for supporting the Canadian soybean industry through the Agri-Marketing program,” says Barry Senft, CEO of Grain Farmers of Ontario. “The program has allowed Canada to remain a strong competitor in soybean export markets. It is through important initiatives like this project, that Canada has been able to increase market access for our high-value Canadian soybeans. The regions of the European Union, Japan and Asia are key to the growth of our value-added soybean industry here in 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.

Contact:

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

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Grain Market Commentary for December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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