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Grain Farmers of Ontario wraps up tractor cab town halls

GUELPH, ON (June 9, 2014) – Grain Farmers of Ontario has successfully completed its series of three Tractor Cab Telephone Town Halls.

Jeff Leal, Liberal candidate for Peterborough, and the Party’s Minister of Rural Affairs at the time the election was called, joined the Town Hall discussion on Friday, June 6. Farmers then heard from NDP Agriculture Critic John Vanthof, candidate for Timiskaming-Cochrane, on Monday, June 9. We would like to thank both Leal and Vanthof and their respective parties for participating in this important exercise.

“These Tractor Cab Telephone Town Halls helped us to understand each party’s position on agriculture and specifically hear their position on the key priorities we have identified for Smart Growth,” says Henry Van Ankum, Chair of Grain Farmers of Ontario. “They allowed our farmer-members to become involved in the election process without stopping their work in the field.”

Grain Farmers of Ontario would like to thank Progressive Conservative candidate, Ernie Hardeman, Liberal Candidate, Jeff Leal, and NDP candidate, John Vanthof for participating in the series of Tractor Cab Town Halls and answering questions from farmer members across the province.

More details on the Tractor Cab Telephone Town Halls and Grain Farmers of Ontario’s recommendations for Smart Growth can be found at www.gfo.ca/GovernmentRelations.    

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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