Grain Farmers of Ontario Congratulates the Signing of the CPTPP

Press release

GUELPH, ON (March 8, 2018)  – Grain Farmers of Ontario congratulates the Government of Canada on signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The organization applauds Prime Minister Justin Trudeau, Minister of International Trade François-Philippe Champagne and Minister of Agriculture Lawrence MacAulay for the effort in advancing the signing of CPTPP.

The CPTPP trade deal with 11 countries is significant for Canadian agriculture. The Agreement ensures current markets will continue, and represents an opportunity for growth as it will create enhanced access for Ontario grain farmers, agriculture and exporters.

“The Agreement represents essential markets for our farmer-members that will open with the signing of the deal,” said Markus Haerle, Chair of Grain Farmers of Ontario. “The CPTPP covers three important export markets for food grade soybeans (Japan, Vietnam and Malaysia) and will improve access to pursue further growth.”

The next step is domestic ratification to ensure the Agreement‘s entry into force.

“Grain Farmers of Ontario appreciates the significant work by our leaders to ensure Canadian agriculture is part of the CPTPP,” said Haerle. “We would like to see the Agreement ratified without any non-tariff barriers inserted and to see a similar agreement with China get underway.”

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.


Markus Haerle, Chair - 613-229-8336;

Deb Conlon, Manager, Government Relations - 416 805-4490;

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Grain Market Commentary for March 7, 2018

Wednesday, March 07, 2018

Commodity Period Price Weekly Movement
Corn CBOT May 3.87 ↑ 13 cents
Soybeans CBOT May 10.65 ↑ 10 cents
Wheat CBOT May 4.97  02 cents
Wheat Minn. May 6.20 02 cents
Wheat Kansas May 5.34  12 cents
Chicago Oats May 2.64  06 cents
Canadian $ March 0.7731 ↓ 0.65 points

Cash Grain prices as of the close, March 7, are as follows: SWW @ $238.66 ($6.50/bu), HRW @ $233.91/MT ($6.37/bu), HRS @ $248.62/MT ($6.77/bu), SRW @ $231.54/MT ($6.30/bu).

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Market Trends Report for March-April 2018

Monday, March 12, 2018

March is often a time in the grain markets where we can see movement in the production area of South America, which can be impacted by weather events. The big US crop has long been put away and is slowly moving out to end-users across the greater hinterland. Problems in Argentina with severe drought conditions have dominated the landscape over the last 30 days as prices have gone up to become much more volatile based on this weather market. Increasingly so, farmers need to watch the weather maps of South America to get clues of production conditions in the southern hemisphere.

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The USDA is starting in on their projection season. On February 22nd during their Outlook forum predictions for 2018 corn and soybean acres came in equally at 90 million acres. So let the games begin. An even bigger USDA report will come March 29th when the USDA releases its prospective plantings report. Markets will be focused on that day to see if there are any surprises.

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