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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

Market Reports

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Market Trends Report for April-May 2017

Monday, April 24, 2017

US and World

It is that time. In the United States and to a very limited amount in Ontario planters are rolling across farm country. With the bearish tone set in the market coming off the March 31st USDA projected plantings report, there is much interest in just how many acres American farmers will plant in 2017. For the week ending April 16, 2017, American farmers had approximately 6% of the US corn crop planted compared to 12% last year. It is early yet and weather has not cooperated throughout the American Midwest. As we move ahead, those weather concerns will define the crop mix and ultimately market prices.

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Grain Market Commentary for April 19, 2017

Thursday, April 20, 2017

All of these reports include a weekly Ontario Wheat Market Commentary for the current season. Ontario Corn and Soybean Commentaries are also included; reflecting the overall Grain Farmers of Ontario perspective.


April 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT May 3.62  04 cents
Soybeans CBOT May 9.50  02 cents
Wheat CBOT May 4.19  15 cents
Wheat Minn. May 5.37  10 cents
Wheat Kansas May 4.17  13 cents
Chicago Oats May 2.18  07 cents
Canadian $ June 0.7420  0.95 points

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