Trade negotiations with Japan positive for Ontario's soybean growers

GUELPH, ON (April 2, 2012) – Grain Farmers of Ontario is encouraged by the Economic Partnership Agreement negotiations launched this week between Canada and Japan.

Japan is a critical market for Ontario’s soybean growers as it is estimated that Canada holds a 38 percent share of Japan’s food grade market for soybeans.  All negotiations that strengthen our relationship with the Japanese will result in market opportunities for Ontario grain farmers’ highest value export – food grade soybeans.

“The Canadian Soybean Council (CSC) just returned from a trade mission that included stops in Japan to promote our high quality food grade soybeans,” says Henry Van Ankum, Chair of Grain Farmers of Ontario.  “Having a formal agreement between our countries will reinforce the positive working relationships we have cultivated over the last few years the CSC has been working with the Japanese.”

Soybean exports to Japan return over $200 million annually to the Canadian economy.  A free trade agreement has the potential to increase exports to Japan which is good news for Ontario’s growers of the high quality, traceable, safe and quality assured soybeans Japanese buyers demand.  This increase in demand for Ontario’s higher value crops will result in job creation and the growth of our economy.

“If the higher than expected turnout to our seminars across Japan on the recent mission is any indication of the interest in Canadian soybeans by Japanese buyers, we have a bright trading future ahead,” says Van Ankum.  “These free trade negotiations will strengthen our Canadian brand and go a long way to creating more interest in our grains and oilseeds.”

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.


Barry Senft, CEO - 1-800-265-0550;

Stay in touch

Attend the March Classic

March Classic logo

Leadership for Tomorrow: March 20, 2018, at the London Convention Centre.

#GrainTalk: Targeting Pest Management

On April 4, from 12:30 p.m. to 1:30 p.m, join our free #GrainTalk webinar to hear industry experts discuss early season field topics.

Register here

Subscribe to the Bottom Line

Subscribe to The Bottom Line, the weekly newsletter that helps our members stay on top of all the news that affects their bottom line.


Inside Grain Farmers of Ontario

New episodes every week.

Episode 74: Ottawa Valley Farm Show

Weekly Commentary

Get Aggregated RSS

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).

Read more

Market Trends

Get Aggregated RSS

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.

Listen to the podcast

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.

Read more

mobile apps