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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 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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