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Grain Farmers of Ontario Welcomes Signing of CETA

GUELPH, ON (November 2, 2016) – Grain Farmers of Ontario welcomes the signing of the Comprehensive Economic and Trade Agreement (CETA) between the European Union (EU) and Canada. CETA will benefit farmers by providing more access for Ontario wheat producers, and more secure access for Ontario barley, corn, oat, and soybean producers.

"The signing of this agreement demonstrates strong leadership by the Government of Canada," says Mark Brock, Chair, Grain Farmers of Ontario. "We congratulate all those involved for achieving this milestone in the establishment of CETA."

On Sunday, October 30 Prime Minister Justin Trudeau, Donald Tusk, President of the European Council, and Jean-Claude Juncker, President of the European Commission signed CETA, which finalized negotiations that started in 2009. CETA will open up the EU market to Canadian businesses and will eliminate close to 94 per cent of agricultural tariff lines.

Grain Farmers of Ontario supports more open international trade to limit market access impediments and allow Ontario’s grain farmers to compete on a level playing field in world markets. The announcement of CETA with the EU will reduce trade barriers and allow for the development of new markets for Ontario grains.

"Increased access through CETA will lead to even greater trade with the EU – an important export partner for the grains sector," 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 January 17, 2018

Wednesday, January 17, 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 3.53  04 cents
Soybeans CBOT March 9.69  15 cents
Wheat CBOT March 4.21  13 cents
Wheat Minn. March 6.12  22 cents
Wheat Kansas March 4.27  13 cents
Chicago Oats March 2.54  09 cents
Canadian $ March 0.8060  0.80 points

Cash Grain prices as of the close, January 17, are as follows: SWW @ $176.58/MT ($4.81/bu), HRW @ $181.14/MT ($4.93/bu), HRS @ $231.22/MT ($6.29/bu), SRW @ $176.58/MT ($4.81/bu).

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Market Trends Report for January-February 2018

Monday, January 15, 2018

US and World

Winter weather blows across North American farm country as another year has gone and we greet 2018. The 2017 growing season was very uneven across North America, but memories of that are fading. Grain prices have suffered under the specter of big crop numbers that have been projected by both the USDA and private analysts throughout 2017. The January USDA report is always the final report on the crop year that past. On January 12th the USDA released a plethora of crop numbers, which will define the grain marketplace for the coming year.

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On January 12th, the USDA increased 2017 US corn production to 14.6 billion bushels, on a harvested acreage of 82.7 million acres. The average yield was increased to 176.6 bushels per acre, which was 2 bushels above the 2016/17 crop. 2017/18 corn ending stocks were raised to 2.48 billion bushels. Total corn usage was actually reduced to 14.470 billion bushels, down from 14.485 last month. US exports are down and US ethanol corn usage was down from December. Corn stored on December 1 was 12.516 billion bushels, which was above trade expectations.

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