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Grain Farmers of Ontario's recommendations for smart growth

GUELPH, ON (May 14, 2014) – Grain Farmers of Ontario has developed five smart growth recommendations for candidates in the upcoming provincial election. These recommendations will sustain and grow the grain and oilseed industry in the province.

  1. Adequate funding for the business risk management program

  2. Investment in a specialized soybean refining facility in Southwestern Ontario

  3. Support for the Processor Retention and Investment Attraction Program (PRIAP)

  4. Sustainable solution to pollinator health and a commitment to a national science-based approach

  5. Continued public research investments in longer-term issues facing Ontario farmers so that we may remain competitive with our larger acreage competitors

Grain Farmers of Ontario looks forward to meeting all of the candidates for the 2014 Ontario provincial election and to having fulsome discussions about these priorities for smart growth.

“Grain Farmers of Ontario’s smart growth strategy is about growing connections with the processing sector, opening world markets, managing risks, and ensuring access to new innovations,” says Henry Van Ankum, Chair, Grain Farmers of Ontario. “A value chain effort, stakeholder commitment, and smart government investments are needed to achieve sustainable growth.”

Grain Farmers of Ontario will be hosting a series of Tractor Cab Telephone Town Halls. 

Our farmer-members want to be part of the election discussion; however, due to the late spring, many of them are still in the field planting.  To help facilitate our farmer-members’ involvement in this year’s Ontario election, we are inviting a representative from each party to attend one of our three Tractor Cab Telephone Town Halls.  

Details on how farmers can participate in the Tractor Cab Town Halls will be posted online at www.gfo.ca

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

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@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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