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Grain Farmers of Ontario conference theme announces - "Agriculture - Ontario's Economic Superpower"

GUELPH, ON (February 15, 2011) Grain farmers in Ontario will have lots to celebrate at this year’s GFO March Classic on March 21st. Grain prices, sector growth and optimism are making agriculture a key industry for the province.  Our success has inspired the theme for this year’s conference: ‘Agriculture – Ontario’s Economic Superpower’.

The latest figures from Statistics Canada show that while the total revenue of the manufacturing industry has fallen by 10 percent in Ontario over five years, the agriculture and agri-food sub-section has enjoyed 11 percent growth over the same period.  The January Agriculture Business Barometer from the Canadian Federation of Independent Business (CFIB) indicates optimism levels in the agriculture sector are at a four year high. 

“The information shared from this year’s speakers at the March Classic will build on this success,” says GFO CEO, Barry Senft. “Our vision is to drive our industry to become a global leader and the 21st of March will be the catalyst.”

Global business leaders will present in the afternoon of the GFO March Classic to discuss opportunities and challenges for farmers in a global context.  GFO’s farmer members will learn business strategies and market insight from agribusiness leaders intended to inspire business planning beyond the farm gate.

“Ontario’s farmers are in an ideal economic and social climate right now with higher grain prices, the buy local movement creating niche opportunities and world markets opening through new trade agreements,” says Senft.  “We hope the conference is the launch for major industry growth over the next few years.”

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.

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Leadership for Tomorrow: March 20, 2018, at the London Convention Centre.

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Grain Market Commentary for January 17, 2018

Wednesday, January 17, 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 3.53  04 cents
Soybeans CBOT March 9.69  15 cents
Wheat CBOT March 4.21  13 cents
Wheat Minn. March 6.12  22 cents
Wheat Kansas March 4.27  13 cents
Chicago Oats March 2.54  09 cents
Canadian $ March 0.8060  0.80 points

Cash Grain prices as of the close, January 17, are as follows: SWW @ $176.58/MT ($4.81/bu), HRW @ $181.14/MT ($4.93/bu), HRS @ $231.22/MT ($6.29/bu), SRW @ $176.58/MT ($4.81/bu).

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Market Trends Report for January-February 2018

Monday, January 15, 2018

US and World

Winter weather blows across North American farm country as another year has gone and we greet 2018. The 2017 growing season was very uneven across North America, but memories of that are fading. Grain prices have suffered under the specter of big crop numbers that have been projected by both the USDA and private analysts throughout 2017. The January USDA report is always the final report on the crop year that past. On January 12th the USDA released a plethora of crop numbers, which will define the grain marketplace for the coming year.

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On January 12th, the USDA increased 2017 US corn production to 14.6 billion bushels, on a harvested acreage of 82.7 million acres. The average yield was increased to 176.6 bushels per acre, which was 2 bushels above the 2016/17 crop. 2017/18 corn ending stocks were raised to 2.48 billion bushels. Total corn usage was actually reduced to 14.470 billion bushels, down from 14.485 last month. US exports are down and US ethanol corn usage was down from December. Corn stored on December 1 was 12.516 billion bushels, which was above trade expectations.

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