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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 December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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