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Wheat Pool gets a new look

Grain Farmers of Ontario Updates Wheat Pool Brand

GUELPH, ON (June 11, 2013) – Grain Farmers of Ontario has refreshed the Ontario Wheat Pool brand and encourages farmers to consider it as a valuable marketing tool for 2013-14.

To increase awareness of the Wheat Pool, particularly among new and young farmers, it has been branded with a new logo displaying two golden wheat sheaves representing the cooperative marketing approach between Grain Farmers of Ontario Marketing Staff and Farmer Members. For those unfamiliar with the Wheat Pool, a new Wheat Marketing Tool has been released online to help farmers determine the appropriate portion of wheat they should commit to the pool.

“Grain Farmers of Ontario offers several options for marketing wheat,” says Todd Austin, Manager of Wheat Marketing at Grain Farmers of Ontario. “The new Wheat Marketing Tool is a great online resource to help farmers determine the best marketing options for their wheat, by assigning portions of their inventory to different marketing streams.”

With the volatility of today’s commodity markets, farmers are encouraged to utilize the pooling program for a portion of their wheat crop as a risk management tool. The Wheat Pool is professionally managed by dedicated marketing experts at Grain Farmers of Ontario.

“Our wheat marketing team actively monitors commodity markets and manages our wheat inventories to ensure strong returns for Wheat Pool participants,” says Austin.  “We also release payments to participants at intervals throughout the year, which is helpful with cash flow in a seasonal industry.”

For more information about the Wheat Pool, or other marketing options offered through Grain Farmers of Ontario, visit www.gfo.ca/WheatMarketing

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 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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