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Grain Farmers of Ontario welcomes barley and oats

GUELPH, ON (July 6, 2015) – Grain Farmers of Ontario is pleased to announce the addition of barley and oat farmers to its membership.

Official July 1, 2015, barley and oat farmers have joined Grain Farmers of Ontario, which also represents the provinces corn, soybean, and wheat farmers.

“We are proud to see our organization grow with the inclusion of these two important grain crops,” says Mark Brock. “We look forward to supporting the province’s barley and oat farmers, just as we do our current membership, through research, market development, advocacy, and public and member relations.”

Ontario harvests about 250,000 acres of barley and oats annually. Farmers delivering barley and oats to a grain elevator this summer will be charged a check-off fee to Grain Farmers of Ontario. Fees are:

Barley $1.30/mT
Oats $1.65/mT
Mix of Barley and Oats $1.65/mT

Farmer-members are reminded that barley and oats are not covered by the Grain Financial Protection Plan.

“A barley and oats welcome celebration will also be hosted in the Grain Farmers of Ontario tent at Canada’s Outdoor Farm Show,” says Barry Senft, CEO of Grain Farmers of Ontario. “We look forward to meeting our new members at this gathering and at our annual general meeting in September.”

Questions about barley and oat representation should be directed to Valerie Gilvesy, Member Relations at Grain Farmers of Ontario – vgilvesy@gfo.ca or 226-979-5581. 

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Brock, Chair - 519-274-3297; cropper01@hotmail.com

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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