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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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Grain Market Commentary for May 17, 2017

Wednesday, May 17, 2017

May 17, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.71  03 cents
Soybeans CBOT July 9.76  05 cents
Wheat CBOT July 4.27  05 cents
Wheat Minn. July 5.41  04 cents
Wheat Kansas July 4.26  13 cents
Chicago Oats July 2.35  09 cents
Canadian $ June 0.7340  0.15 points

Harvest 2017 crop cash prices as of close on May 17, 2017
SWW @ $198.52/MT ($5.40/bu), HRW @ $198.52/MT ($5.40/bu),
HRS @ $221.52/MT ($6.03/bu), SRW @ $198.52/MT ($5.40/bu).

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Market Trends Report for May-June 2017

Tuesday, May 23, 2017

It is go time, that time of year when farmers across the great North American Corn Belt are busy planting their crops. Weather has been a detriment across much of the US Corn Belt as wet weather has farmers out of the fields in the southern, central and eastern US. With the USDA projecting a big soybean acreage this year and a reduction of corn acreage, weather will be the final determinate. For the week ending on May 14, 2017, the USDA had begged US corn planting at 71% and US soybeans planted at 32% just slightly behind normal.

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