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Grain Farmers of Ontario congratulates new minister of agriculture Ted McMeekin

GUELPH, ON (October 20, 2011) – Grain Farmers of Ontario is pleased with the appointment of Ted McMeekin to the position of Minister of Agriculture, Food and Rural Affairs. 

Minister McMeekin has been a long time supporter of farmers in Ontario and an advocate for our Risk Management Program since the pilot program was introduced in 2007.  With his extensive experience as a minister, parliamentary secretary and in his municipality we are confident Minister McMeekin will be a strong leader for our agricultural industry.

“Our organization has many exciting new initiatives in market development and research that will benefit the province of Ontario,” says Don Kenny Chair of Grain Farmers of Ontario.  “We look forward to meeting with Minister McMeekin to discuss the many ways we can work together to ensure the success of the Ontario grain industry.”

Opportunities for market growth for Ontario’s grain farmers to discuss with the new minister will include a provincial bio-diesel mandate to match the federal two percent mandate announced earlier this year, a united strategy for research and market development, a Capital Cost Allowance acceleration for capital purchases and a tax credit for certified seed.

“Ontario’s grain farmers will be pleased with this announcement,” continues Kenny.  “Minister McMeekin is a supporter of his local farmers through a local food campaign and this support will now extend right across the province.” 

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 May 31, 2017

Wednesday, May 31, 2017

May 31, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.71  01 cents
Soybeans CBOT July 9.26  22 cents
Wheat CBOT July 4.30  02 cents
Wheat Minn. July 5.72  11 cents
Wheat Kansas July 4.31  01 cents
Chicago Oats July 2.48  10 cents
Canadian $ June 0.7402  0.45 points

Harvest 2017 crop cash prices as of close on May 31, 2017
SWW @ $198.22/MT ($5.39/bu), HRW @ $198.22/MT ($5.39/bu),
HRS @ $233.70/MT ($6.36/bu), SRW @ $198.22/MT ($5.39/bu).

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Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

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