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Grain Farmers of Ontario Welcomes Signing of CETA

GUELPH, ON (November 2, 2016) – Grain Farmers of Ontario welcomes the signing of the Comprehensive Economic and Trade Agreement (CETA) between the European Union (EU) and Canada. CETA will benefit farmers by providing more access for Ontario wheat producers, and more secure access for Ontario barley, corn, oat, and soybean producers.

"The signing of this agreement demonstrates strong leadership by the Government of Canada," says Mark Brock, Chair, Grain Farmers of Ontario. "We congratulate all those involved for achieving this milestone in the establishment of CETA."

On Sunday, October 30 Prime Minister Justin Trudeau, Donald Tusk, President of the European Council, and Jean-Claude Juncker, President of the European Commission signed CETA, which finalized negotiations that started in 2009. CETA will open up the EU market to Canadian businesses and will eliminate close to 94 per cent of agricultural tariff lines.

Grain Farmers of Ontario supports more open international trade to limit market access impediments and allow Ontario’s grain farmers to compete on a level playing field in world markets. The announcement of CETA with the EU will reduce trade barriers and allow for the development of new markets for Ontario grains.

"Increased access through CETA will lead to even greater trade with the EU – an important export partner for the grains sector," says Brock.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Brock, Chair - 519-274-3297; cropper01@hotmail.com

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