News

New role for Crosby Devitt

GUELPH, ON (September 20, 2010) – The Grain Farmers of Ontario (GFO) is pleased to announce that Crosby Devitt’s role has been expanded to include management of the Market Development pillar to his portfolio that also includes management of Research and Innovation. Devitt’s new title, Manager, Research & Market Development will encompass both the research and, developing new and higher value markets for Ontario grain.

When making the announcement Barry Senft CEO of GFO stated "how happy we are that Crosby has taken on this added responsibility.  The merging of Research and Market Development emphasizes the effort GFO is making to move the research done in the lab into the commercial environment, which is always a challenge".  

The broad market development strategy at GFO will remain focused in three strategic areas. The first is building long term consumer awareness of product innovations such as new food products, bio-products and fuel that can be made with grain. The second is to take the consumer demand to the next level by establishing infrastructure in Ontario or identifying high value export markets. Finally, GFO will work to enhance these domestic and export opportunities by refining our grains to meet more specialized and higher value market opportunities through new varieties and IP systems to meet the needs of the marketplace.

“I am looking forward the challenge of building on the work that was started by our legacy organizations,” says Devitt. “We have a great group of directors and delegates on the Market Development Committee guiding the market development objectives and a solid industry with innovative product development happening in Ontario to build on.”

Devitt has worked with the organization since 2005 when he was hired to manage research and innovation for the Ontario Wheat Producers’ Marketing Board and subsequently managed the research portfolio of the Ontario Soybean Growers and Ontario Corn Producers’ Association as a means of creating efficiencies in grain research in Ontario. Devitt lives in Guelph with his wife and two young children and regularly drives to his farm in Ripley where he grows corn, soybeans and wheat.

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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