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Federal election issues for Ontario's grain industry

GUELPH, ON (August 10, 2015) – With the upcoming election, Grain Farmers of Ontario is looking to the federal government to demonstrate leadership on several key issues that are important to the future of agriculture.

The organization is asking for support in the areas of international trade and market access, risk management policy and programs including a review of the AgriStability program, increased research funding through Growing Forward 3, and support for the bio-economy including increasing the federal renewable diesel mandate to 5% by 2020.

Of particular importance, there is a strong request for the federal government to ensure that regulatory environments and that farmers’ access to new technology is equitable across the country.

“Farmers compete globally and Canada cannot afford to have a patchwork regulatory system that disadvantages one farmer in one part of the country,” says Mark Brock, Chair of Grain Farmers of Ontario. “We want Canada’s next government to take a leadership role in ensuring a predictable regulatory system for all farmers in Canada that is based on science and gives farmers the tools they need to be competitive.”

Grain Farmers of Ontario will actively share its key issues with politicians as the leadership campaign moves across the province.

“We look forward to collaborative discussions with the candidates throughout this campaign,” says Brock. 

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Brock, Chair - 519-274-3297; cropper01@hotmail.com

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