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Grain Farmers of Ontario March Classic industry speakers

GUELPH, ON (March 01, 2011)  – Grain Farmers of Ontario March Classic will offer global industry insight for Ontario growers. Buyers of corn, wheat, and soybeans will explain their experiences with Ontario product and how adjustments in on-farm practices will help ensure the sustainability of grain farming on our province.

A great supporter of Grain Farmers of Ontario , Jan Wescott of Spirits Canada, will offer a wealth of knowledge about the corn quality requirements for fine Canadian whisky. The whisky industry is unique and proves to be a marketing channel of interest for many Ontario grain farmers. Remote distilleries often rely on the convenience of local farm supplies of corn whereas border locations have numerous options. Wescott will share how we can keep Ontario distilleries buying domestic corn.

Travelling all the way from the United Kingdom (UK), Warburton’s Bob Beard, will join the Grain Farmers of Ontario conference to discuss their wheat program and how they select their wheat suppliers. Warburtons is an artisan bakery that has been highly successful in the UK for 130 years. The company purchases all their wheat from the UK and Canada and has implemented traceability all the way back to the farm. Beard will provide great insight into the differences between Western and Eastern Canadian wheat in baked goods.

Finally, CRFA President Gordon Quaiattini will speak to the March Classic crowd about the status of renewable grain based fuels in Ontario. From biodiesel to ethanol, Quaiattini will flow knowledge of the current and future position of renewable fuels domestically and internationally as well as the economic impact on farm and on a macro-scale.

These three powerful industry alliances will provide an opportunity for Ontario’s grain farmers to address marketing and end-use requirements of their crops. To register for the March Classic visit www.gfo.ca/MarchClassic or call the Grain Farmers of Ontario office at 1-800-265-0550. 

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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Weekly Commentary

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Grain Market Commentary for September 20, 2017

Wednesday, September 20, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.50  01 cents
Soybeans CBOT November 9.70  11 cents
Wheat CBOT December 4.50  07 cents
Wheat Minn. December 6.22  12 cents
Wheat Kansas December 4.48  05 cents
Chicago Oats December 2.46  08 cents
Canadian $ December 0.8115  0.75 points

Harvest 2017 prices as of the close, September 20 are as follows:
SWW @ $190.53/MT ($5.19/bu), HRW @ $199.60/MT ($5.43/bu),
HRS @ $241.11/MT ($6.56/bu), SRW @ $195.06/MT ($5.31/bu).

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Market Trends

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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