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Grain Farmers of Ontario congratulates new minister of agriculture Ted McMeekin

GUELPH, ON (October 20, 2011) – Grain Farmers of Ontario is pleased with the appointment of Ted McMeekin to the position of Minister of Agriculture, Food and Rural Affairs. 

Minister McMeekin has been a long time supporter of farmers in Ontario and an advocate for our Risk Management Program since the pilot program was introduced in 2007.  With his extensive experience as a minister, parliamentary secretary and in his municipality we are confident Minister McMeekin will be a strong leader for our agricultural industry.

“Our organization has many exciting new initiatives in market development and research that will benefit the province of Ontario,” says Don Kenny Chair of Grain Farmers of Ontario.  “We look forward to meeting with Minister McMeekin to discuss the many ways we can work together to ensure the success of the Ontario grain industry.”

Opportunities for market growth for Ontario’s grain farmers to discuss with the new minister will include a provincial bio-diesel mandate to match the federal two percent mandate announced earlier this year, a united strategy for research and market development, a Capital Cost Allowance acceleration for capital purchases and a tax credit for certified seed.

“Ontario’s grain farmers will be pleased with this announcement,” continues Kenny.  “Minister McMeekin is a supporter of his local farmers through a local food campaign and this support will now extend right across the province.” 

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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Episode 70: Member Relations

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Grain Market Commentary for February 7, 2018

Thursday, February 08, 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 3.61 ↑ 05 cents
Soybeans CBOT March 9.96 ↑ 04 cents
Wheat CBOT March 4.51 ↑ 18 cents
Wheat Minn. March 6.07 ↑ 01 cents
Wheat Kansas March 4.67 ↑ 35 cents
Chicago Oats March 2.65 ↓ 10 cents
Canadian $ March 0.8130 ↑ 0.23 points

Notice: The commentary for all commodities was written at 10 a.m. on February 8 before the release of the February United States Department of Agriculture (USDA) report.

Cash Grain prices as of the close, February 7, are as follows: SWW @ $210.13 ($5.72/bu), HRW @ $207.82/MT ($5.66/bu), HRS @ $233.89/MT ($6.37/bu), SRW @ $205.52/MT ($5.59/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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