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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 May 17, 2017

Wednesday, May 17, 2017

May 17, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.71  03 cents
Soybeans CBOT July 9.76  05 cents
Wheat CBOT July 4.27  05 cents
Wheat Minn. July 5.41  04 cents
Wheat Kansas July 4.26  13 cents
Chicago Oats July 2.35  09 cents
Canadian $ June 0.7340  0.15 points

Harvest 2017 crop cash prices as of close on May 17, 2017
SWW @ $198.52/MT ($5.40/bu), HRW @ $198.52/MT ($5.40/bu),
HRS @ $221.52/MT ($6.03/bu), SRW @ $198.52/MT ($5.40/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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