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Canadian Soybean Council receives funding from agri-marketing program

GUELPH, ON (December 23, 2013) – Grain Farmers of Ontario, on behalf of the Manitoba Pulse Growers Association (MPGA) and Fédération des producteurs de cultures commerciales du Québec (FPCCQ), under the Canadian Soybean Council (CSC) brand are continuing the development of new markets for Canadian soybeans, thanks to support from the Federal Government.  The Agri-Marketing Program, an initiative of Growing Forward 2, has granted $104,192 to the CSC for activities related to building and expanding international markets for Canadian soybeans.

The funding will be used towards developing outgoing programs specific to the European Union, Japan and Korea, as well as several publication materials to further enhance Canada’s brand as a supplier of high value, traceable, safe and quality assured soybeans.

In 2012 Canada exported over 3.3 million metric tonnes of soybeans to 50 different countries. Canadian soybean exports were also the 4th largest agri-food export from Canada valued at over 2 billion dollars.

“Grain Farmers of Ontario on behalf of MPGA and FPCCQ would like to thank the Federal Government for supporting the Canadian soybean industry through the Agri-Marketing program,” says Barry Senft, CEO of Grain Farmers of Ontario. “The program has allowed Canada to remain a strong competitor in soybean export markets. It is through important initiatives like this project, that Canada has been able to increase market access for our high-value Canadian soybeans. The regions of the European Union, Japan and Asia are key to the growth of our value-added soybean industry here in Canada.”

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.

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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Grain Market Commentary for May 24, 2017

Wednesday, May 24, 2017

May 24, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.71  01 cents
Soybeans CBOT July 9.48  18 cents
Wheat CBOT July 4.32  05 cents
Wheat Minn. July 5.61  20 cents
Wheat Kansas July 4.33  07 cents
Chicago Oats July 2.38  05 cents
Canadian $ June 0.7450  1.15 points

Harvest 2017 crop cash prices as of close on May 24, 2017
SWW @ $198.77/MT ($5.41/bu), HRW @ $198.77/MT ($5.41/bu),
HRS @ $227.86/MT ($6.20/bu), SRW @ $198.77/MT ($5.41/bu).

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Market Trends Report for May-June 2017

Tuesday, May 23, 2017

It is go time, that time of year when farmers across the great North American Corn Belt are busy planting their crops. Weather has been a detriment across much of the US Corn Belt as wet weather has farmers out of the fields in the southern, central and eastern US. With the USDA projecting a big soybean acreage this year and a reduction of corn acreage, weather will be the final determinate. For the week ending on May 14, 2017, the USDA had begged US corn planting at 71% and US soybeans planted at 32% just slightly behind normal.

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