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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 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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