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Grain Farmers of Ontario plans for success

GUELPH, ON (June 25, 2010) – The Grain Farmers of Ontario strategic plan is complete, pending final Board review, and the accompanying budget has been approved by the Board for fiscal 2011 beginning June 1, 2010.

The strategic plan will challenge directors and staff with a broad vision for the organization that positions Ontario’s grain farmers as leaders not only in our province but beyond our borders.

“Our strategic plan will ultimately deliver tangible results into the bank accounts of our farmer members,” says Barry Senft, GFO’s CEO. 

The strategic plan will require a small increase in license fees to $1.75 per acre, from the originally proposed $1.70 in 2007, but will deliver dividends that will be measured in: 

  • new market opportunities,

  • increased access to information that will add value to members’ businesses,

  • research results that will reduce costs or increase returns and

  • better access to all levels of government, industry and the public on issues that affect your business.

“An example of where we have already started to add value was our new Market Development reception on June 23 in Guelph where we brought stakeholders from the industry and government together to discuss ways we can work together to bring new business opportunities for grain to Ontario,” say Senft.  “There are lots of exciting new products under development and we intend to have that infrastructure built close to our grain producing regions.”

This work cannot be done without the continued support and input from our members.  The GFO Strategic Plan will be available for comment later in the summer and all stakeholders are encouraged to contact the office or a local director or delegate with ideas and comments for ways we can work together to deliver results to Ontario’s grain farmers.  .

Grain Farmers of Ontario

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

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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Grain Market Commentary for February 21, 2018

Wednesday, February 21, 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 3.65 ↑ 01 cents
Soybeans CBOT March 10.33 ↑ 14 cents
Wheat CBOT March 4.48 ↓ 06 cents
Wheat Minn. March 6.01 ↑ 01 cents
Wheat Kansas March 4.66 ↓ 09 cents
Chicago Oats March 2.59 ↓ 08 cents
Canadian $ March 0.7890 ↓ 1.03 points

Cash Grain prices as of the close, February 21, are as follows: SWW @ $205.96 ($5.61/bu), HRW @ $203.63/MT ($5.54/bu), HRS @ $231.13/MT ($6.29/bu), SRW @ $201.30/MT ($5.48/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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