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Grain Farmers of Ontario supports TPP agreement

GUELPH, ON (October 5, 2015) – Grain Farmers of Ontario welcomes the successful completion of the Trans-Pacific Partnership (TPP) negotiations.

The TPP expands opportunities for grain export to important and growing markets, particularly in Southeast Asia.

“Japan is our largest market for food-grade soybeans, and countries like Malaysia and Vietnam have fast-growing GDPs and are major markets for both food-grade and crush soybeans,” says Mark Brock, Chair of Grain Farmers of Ontario. “With market development a key pillar of our organization, improved access to these important export countries is a great success for our farmer-members.”

While reduced tariffs and increased market access are a great growth opportunity, grain farmers continue to look for leadership at the federal level on business risk management. With an impressive financial commitment being made to the supply management sector to compensate for the effects of TPP, Grain Farmers of Ontario is keen to see the same level of attention and commitment given to risk management for grain farmers.

“The Ontario grain industry is export-oriented and agreements like the TPP that increase access to export markets are always encouraged,” says Brock. “While this is a great step forward, we need the next governing party of Canada to demonstrate a commitment to risk management programs for grain farmers.”

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 June 21, 2017

Wednesday, June 21, 2017

June 21, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.69  08 cents
Soybeans CBOT July 9.19  13 cents
Wheat CBOT July 4.65  22 cents
Wheat Minn. July 6.49  22 cents
Wheat Kansas July 4.68  11 cents
Chicago Oats July 2.59  04 cents
Canadian $ September 0.7525  0.25 points

Harvest 2017 prices as of the close, June 21 are as follows:

SWW @ $219.48/MT ($5.97/bu), HRW @ $217.05/MT ($5.91/bu),
HRS @ $267.34/MT ($7.28/bu), SRW @ $217.05/MT ($5.91/bu)

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Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

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