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Practical and workable approach needed for pollinator health

GUELPH, ON (September 26, 2014) – Grain Farmers of Ontario is concerned with the direction of the Premier’s mandate letter to the Minister of Agriculture, specifically with respect to pollinator health and access to seed treatment.

“It’s critical that any action forward is made with a clear understanding of the realities of grain farming and careful consideration to the requirements of grain farmers,” says Henry Van Ankum, Chair of Grain Farmers of Ontario. “A misstep in the regulatory process, particularly at a time when crop prices are at a four year low, could mean the difference between profit and loss for countless grain farmers across the province.”

The mandate letter calls for an action plan for 2015 and further measures by 2016 to regulate the use of neonicotinoid pesticides. Grain Farmers of Ontario will continue to work with government to ensure a common sense approach is taken and looks forward to collaboration as the plan and measures are defined.

“Our members, and our industry as a whole, have demonstrated a strong commitment to the issue of pollinator health over the past two years,” says Van Ankum. “We know that our efforts to improve the situation are paying off with early indications from Health Canada reporting a decline in bee deaths over the past year.”

Grain Farmers of Ontario expects that any changes to regulations around the use of neonicotinoids will be guided by grain industry experts to ensure a practical and logical course of action is taken.

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:

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Weekly Commentary

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Grain Market Commentary for August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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