News

Second March Classic early bird draw winner

GUELPH, ON (March 5, 2013) – Grain Farmers of Ontario would like to congratulate Don McKercher from District 9 for winning the second and final March Classic Early Bird draw! Don has won a Petro Canada Preferred Price Fuel Card to enjoy a discount of 25 cents per litre for 100 litres of fuel at any Petro Canada location.

Speakers for the March Classic include, Evan Solomon, Cal Whewell, Elaine Froese, Ron MacLean and entertainment by The Debaters. New this year is the Farmer Panel, moderated by Elaine Froese that will discuss the topic “what will farming look like in the future”. This panel will provide unique perspectives on the future of Ontario’s grain industry from farmers at various life and business stages.

The March Classic is the largest grain-focused conference in Eastern Canada drawing upwards of 500 attendees from government, industry, and farms across Ontario. Building on the huge success of the 2012 conference, Grain Farmers of Ontario has developed an even bigger and better event for 2013 with speakers discussing issues of politics, grain markets and succession planning. This is an event you won’t want to miss!

To pre-register online for the Monday March 18th conference in London, Ontario at the London Convention Center, visit www.gfo.ca/marchclassic or call the office at 1 800 265 0550. Pre-registration will close midnight on March 12th

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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Register for the March Classic

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

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Episode 71: From the CEO's Desk

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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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