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Grain Farmers of Ontario announces new VP of Strategic Development

Press Release

GUELPH, ON (November 30, 2015) – Grain Farmers of Ontario is pleased to announce that Todd Younghans will become the new Vice President of Strategic Development.

Younghans will oversee key areas of the organization including research, market development, and communications. In this position, he will work with grain industry stakeholders, government, and the general public, both domestically and internationally to add value to Grain Farmers of Ontario farmer-members. Younghans will start his new role on January 4, 2016.

“We are delighted to have Todd join our organization,” says Barry Senft, CEO of Grain Farmers of Ontario. “He has a wide range of valuable experience, both personal and professional, and we look forward to having his expertise on our team.”

Younghans brings more than 15 years of experience within the agriculture industry and most recently served as the national account manager for BASF Canada Inc. He has previously held management roles with Valent Canada Inc. and Monsanto Canada Inc. He holds a BSc. in agriculture from the University of Alberta and an MBA from the University of Guelph.

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:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.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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