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Grain Farmers of Ontario Celebrates Canada's Successful CPTPP Inclusion

Press release

GUELPH, ON (January 24, 2018) – Grain Farmers of Ontario congratulates Prime Minister Justin Trudeau, Minister of Agriculture Lawrence MacAulay, Minister of International Trade François-Philippe Champagne, and Chrystia Freeland, Minister of Foreign Affairs on Canada’s successful negotiations to be included in the CPTPP. Congratulations also go out to Canada’s negotiation team on its significant effort on achieving this agreement.

The new trade deal with 11 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam) gives the agriculture sector in Canada new opportunities for trade and exports. According to the Canadian Agri-Food Trade Alliance (CAFTA), 90 per cent of Canadian farmers rely on trade as part of their business.

“It is extremely important that the Canadian government support the needs of agriculture. Canada remains one of the top five exporters in the agriculture sector. Ensuring Canadian inclusion in global trade agreements allows our members, and grain farmers across the country, to maintain a level playing field and help be a driving force for global standards,” said Mark Brock, Chair of Grain Farmers of Ontario. “We are thrilled that our leaders were able to bring all issues to resolution and ensure Canada was part of this important agreement.”

Canada’s inclusion in the CPTPP also provides a unique competitive opportunity as the United States pulled out of negotiations in January 2017.

“With the signing of CPTPP, Canada’s efforts should now be directed to signing a similar agreement with China, given the importance the China market has for the Canadian grains and oilseeds industry,” said Barry Senft, CEO, Grain Farmers of Ontario.

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

Victoria Berry, Manager, Communications - (226) 820-6641; vberry@gfo.ca

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Episode 71: From the CEO's Desk

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Grain Market Commentary for February 7, 2018

Thursday, February 08, 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 3.61 ↑ 05 cents
Soybeans CBOT March 9.96 ↑ 04 cents
Wheat CBOT March 4.51 ↑ 18 cents
Wheat Minn. March 6.07 ↑ 01 cents
Wheat Kansas March 4.67 ↑ 35 cents
Chicago Oats March 2.65 ↓ 10 cents
Canadian $ March 0.8130 ↑ 0.23 points

Notice: The commentary for all commodities was written at 10 a.m. on February 8 before the release of the February United States Department of Agriculture (USDA) report.

Cash Grain prices as of the close, February 7, are as follows: SWW @ $210.13 ($5.72/bu), HRW @ $207.82/MT ($5.66/bu), HRS @ $233.89/MT ($6.37/bu), SRW @ $205.52/MT ($5.59/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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