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Grain Farmers of Ontario: officially Ontario's new marketing board

Guelph, OntarioOntario’s corn, soybean and wheat farmers will have a strong and unified voice in the province beginning January 1, 2010 with the inauguration of Grain Farmers of Ontario.

An interim board of directors will be appointed by the province to oversee the GFO’s operations until the completion of regional elections in early February.  The elected board of directors for Grain Farmers of Ontario will be in place by early March 2010 and will focus initially on policy development and business planning.

“GFO will ensure our members have a strong voice on provincial and national issues as well as offering programs and services that add value to their businesses,” says Barry Senft, CEO of Grain Farmers of Ontario.  

GFO will build upon the strength of our farmer members and our heritage organizations to take a leadership role in marketing, market development and advocacy.  The new organization will work with farmers to get the most out of their high quality crops through innovative research and policy development.

For GFO to be successful right out of the gate, it is important for all members to shape and direct the organization by participating in the upcoming January meetings and elections.  There will be an opportunity for dialogue with executive staff and to elect the political leaders of GFO at these meetings to ensure the organization is built from the ground up.  Check the website at www.gfo.ca or the Ontario Grain Farmer magazine for regional meeting dates.

This merger of Ontario’s corn, soybean and wheat organizations will position GFO as the largest provincial commodity board representing 28,000 farmers and five million acres of farmland that generate $2.2 billion in farm gate receipts, over $9 billion in economic output and 40,000 jobs.

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Grain Market Commentary for February 7, 2018

Thursday, February 08, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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Commodity Period Price Weekly Movement
Corn CBOT March 3.61 ↑ 05 cents
Soybeans CBOT March 9.96 ↑ 04 cents
Wheat CBOT March 4.51 ↑ 18 cents
Wheat Minn. March 6.07 ↑ 01 cents
Wheat Kansas March 4.67 ↑ 35 cents
Chicago Oats March 2.65 ↓ 10 cents
Canadian $ March 0.8130 ↑ 0.23 points

Notice: The commentary for all commodities was written at 10 a.m. on February 8 before the release of the February United States Department of Agriculture (USDA) report.

Cash Grain prices as of the close, February 7, are as follows: SWW @ $210.13 ($5.72/bu), HRW @ $207.82/MT ($5.66/bu), HRS @ $233.89/MT ($6.37/bu), SRW @ $205.52/MT ($5.59/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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