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Grain Farmers of Ontario offering market seminars

GUELPH, ON (March 19, 2015) – Grain Farmers of Ontario is inviting farmer-members to free marketing seminars during the month of April.

These newly launched seminars will show participants the basics of commodity trading and introduce them to advanced marketing trends and opportunities.

“The futures market can play an important role in a grain marketing plan; however, many farmers have questions about how they can best utilize the markets,” says Ryan Brown, vice president of operations at Grain Farmers of Ontario. “We are pleased that we can utilize the experience of our staff to help them advance their knowledge of the futures markets.”

Seminars will be led by Marty Hibbs, grain merchandiser with Grain Farmers of Ontario. Hibbs has 25 years of experience as a futures trader, analyst, and portfolio manager. He was a regular guest analyst on BNN for four years and is currently authoring the Market Side education series on futures trading basics in the Ontario Grain Farmer magazine.

Locations have been set up across the province to provide broad access to the marketing seminars. Pre-registration is required as space is limited to 20 participants per location. No walks-in will be permitted.

Seminars will run from 9:30 a.m. - 3 p.m. with lunch provided.

April 9 Belleville
April 10 Avonmore
April 16 Guelph
April 17 Brantford
April 21 Oungah
April 22 Mitchell
April 23 London
April 28 New Liskeard

Farmer-members can register by contacting Marty Hibbs at 1-800-265-0550 or mhibbs@gfo.ca, or online at www.gfo.ca/marketing.

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:

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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