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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 July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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