Compared to two weeks ago, Ontario old crop soybean prices are up 15 to 20 cents per bushel while corn and wheat prices are unchanged. Adverse weather has caused farmer selling to come in below expectations. Therefore, basis levels are functioning to enhance farmer selling. Argentina continues to experience favourable growing conditions; timely rains have […] Read more
Tag Archives Business/Finance
Stable soybean prices could mean a lower drop in U.S. acres than expected
Chinese interest in buying Canadian soybeans remains quiet due to political tensions
Loan program gets extension, funding boost
Changes made to the Commodity Loan Program to help deal with DON-infected corn financial challenges
Changes to the Commodity Loan Program (CLP) have been made to help farmers dealing with extreme harvest issues across the province. Grain Farmers of Ontario (GFO) asked for an extension back in November to assist farmers across the province managing challenges with corn crop quality this year. Why it matters: The CLP changes will help […] Read more
Dairy services partnership not yet finalized
The new name for the partnership has not yet been released and groups ask for patience
Board members and staff from Can West DHI, Canadian Dairy Network and Valacta continue to work toward finalizing their new partnership and collective new name and service delivery model. CanWest DHI Board Chair Ed Friesen told farmers at the CanWest DHI annual meeting to have patience. “Managing the process and doing things right is more […] Read more
Van Bommel resigns as processing vegetable growers board chair
To take on a role with the Ontario Farm Products Marketing Commission
Suzanne van Bommel has resigned her role as chair of the Ontario Processing Vegetable Growers. Van Bommel was appointed chair after the province’s administrator turned control of the OPVG back to a grower board made up of half elected and half appointed members. The board will be fully elected by growers after the organization’s annual […] Read more
Chinese demand for Canadian soybeans goes quiet
Traders are connecting Canada’s arrest of a Huawei employee with the slower demand
Compared to two weeks ago, Ontario grain and oilseed prices are relatively unchanged for old crop delivery positions. However, new crop prices are unchanged to slightly lower. Seasonally, farmer selling tends to increase in January while export demand moves through a slower period. Argentina corn and soybean crops have experienced favourable weather; however, Brazilian soybean […] Read more
U.S. government shutdown keeps traders guessing
The absence of government reports on sales is clouding the marketplace
Chicago | Reuters – Commodity traders are in the dark because of the partial U.S. government shutdown, unable to see daily and weekly reports of agricultural exports to obtain clues as to whether China is following through with promises to buy grain and soy amid the ongoing trade war. Traders have been anxiously awaiting proof […] Read more
Editorial: Tiptoeing through trade barriers increasingly complex
An American court recently approved a $1.5 billion settlement paid for by Syngenta that will send money to hundreds of thousands of farmers and others in the grain system who sold corn with the Agrisure Viptera trait before it was approved to send to China. The resulting furor in 2013, resulted in an impact on […] Read more
Soybean stocks mean trade truce could result in little price movement
Likely further weakness in the Canadian dollar could mean export opportunities
Ontario soybean, corn and wheat yields were higher than expected on Statistics Canada’s November crop survey. Despite the larger-than-expected production, Ontario prices are slightly higher this month for all grains and oilseeds due to stronger export demand. Ontario exports of corn, soybeans and wheat continue to exceed year-ago levels as the Canadian dollar trades near […] Read more
New funding continues 4R nutrient program
The program, with several local partners, will continue for three years
Government and farm groups have renewed their investment in 4R nutrient stewardship, ensuring the program, popular in Ontario, continues for three more years. The renewal of the partnership between Fertilizer Canada, Grain Farmers of Ontario (GFO), the Ontario Agri Business Association (OABA), Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA), the Ontario Federation of […] Read more
Province aims to strengthen farmer input with new committee
The heads of farmer, processor and agribusiness associations will be vice chairs of the committee
The Ontario government has released details on the structure and operations of its new agriculture advisory committee. The task force, first announced in November, is intended to strengthen the competitiveness of the province’s agriculture sector while working with industry on farm issues, the initiative was greeted with praise by Grain Farmers of Ontario. Why it […] Read more
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