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Grain Farmers of Ontario extended office marketing hours

GUELPH, ON (June 13, 2012) – Grain Farmers of Ontario is pleased to announce the Wheat Marketing department has extended its hours of marketing, in lieu of the new trading hours established by the CME and other boards of trade.

As of May 21, 2012, Chicago Mercantile Exchange Group (CME)’s Chicago Board of Trade (CBOT) Agricultural Commodity products are available for electronic trading 21 hours a day and Grain Farmers of Ontario will extended our marketing hours to reflect this change.

Todd Austin, manager of marketing for Grain Farmers of Ontario is, “quite pleased to announce this opportunity to our members, which will provide more flexibility in the timing of pricing decisions. Instead of the traditional four hour window to call in for prices, farmers can now call almost 8 hours a day.”

Members can call the Grain Farmers of Ontario Marketing team from 8:45 am – 3:00 pm Eastern Standard Time during the days markets are open.  Grain Farmers of Ontario’s marketing options are available during these times including forward contracting and basis contracting. Grain Farmers of Ontario also continues to provide pool options for members.

For information on your wheat marketing, please call 1-800-265-0550 or 519 767-6537. 

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 August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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