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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 July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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