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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 June 21, 2017

Wednesday, June 21, 2017

June 21, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.69  08 cents
Soybeans CBOT July 9.19  13 cents
Wheat CBOT July 4.65  22 cents
Wheat Minn. July 6.49  22 cents
Wheat Kansas July 4.68  11 cents
Chicago Oats July 2.59  04 cents
Canadian $ September 0.7525  0.25 points

Harvest 2017 prices as of the close, June 21 are as follows:

SWW @ $219.48/MT ($5.97/bu), HRW @ $217.05/MT ($5.91/bu),
HRS @ $267.34/MT ($7.28/bu), SRW @ $217.05/MT ($5.91/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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