News

Signing of Canada-Korea free trade agreement

GUELPH, ON (September 25, 2014) – Grain Farmers of Ontario would like to congratulate the Canadian government and trade negotiators on the signing of the Canada-Korea Free Trade Agreement (FTA). 

The Canada-Korea (FTA) will create market opportunities for Ontario's corn, soybean, and wheat farmers that were previously unattainable. Specifically, it will open new markets for Identity Preserved soybeans and remove trade barriers that currently limit corn, soybean, and wheat exports.

“Ontario’s grain farmers hope to see significant market share increase with the FTA,” says Henry Van Ankum, Chair, Grain Farmers of Ontario. “We look forward to strengthening our relationship with the grain industry in Korea.”

The Canada-Korea FTA was signed on Monday, September 22nd, 2014. Although the date in which it will take effect is not yet known, both Canada and Korea are committed to having the FTA in place in 2015. 

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:

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

Stay in touch

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.

Read the latest issue (July 21, 2017)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 52: Communications – Honda Indy


Follow us

twitter   linkedin   youtube

Weekly Commentary

Get Aggregated RSS

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).

Read more

Market Trends

Get Aggregated RSS

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.

Listen to the podcast

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.

Read more

sustainability
mobile apps