Optimism for Ontario grain exports to the European Union

GUELPH, ON (February 24, 2011)  – Grain Farmers of Ontario is optimistic about the approval of a proposal earlier this week that would allow animal feed that contains trace elements of genetically modified (GM) material to be imported into the European Union (EU).

On February 22, the EU Member States approved a new rule that, if adopted by the European Commission, will accept up to 0.1 percent GM material in imported animal feed.

Last month, Agriculture Minister Gerry Ritz and Grain Farmers of Ontario chair, Don Kenny travelled to Brussels, Belgium to advocate for a GM tolerance level for future shipments. Meetings were held with EU Commissioners, Members of Parliament and key industry representatives to emphasize the importance of supporting science-based trade regulations.

The EU is Canada’s largest export market for soybeans. “In 2009, Canada exported approximately a million tonnes of soybeans to the EU,” says Kenny. “Allowing a low-level presence of unapproved GM in grain shipments would remove a barrier to future exports and provide security for Ontario grain farmers.”

2010 was a phenomenal year for soybean production in Ontario, Quebec and Manitoba as a record 4.2 million tonnes were produced. Of this production, approximately 2.7 million tonnes will be exported.

This approval by the EU is promising and Grain Farmers of Ontario looks forward to a solution that also includes access for Canadian grains for uses in food. 

Grain Farmers of Ontario

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

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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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