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March Classic Early Bird Winner

GUELPH, ON (February 2, 2016) – Grain Farmers of Ontario would like to congratulate Chris Quinton of Ridgetown, Ontario, winner of January’s March Classic early bird draw. Chris will be receiving a Good in Every Grain soft shell jacket.

Everyone who registers for the March Classic before the end of February, including those who registered in January, will be eligible to win a second early bird prize from Good in Every Grain.

“Last year, the March Classic saw over 700 farmers and grain industry representatives in attendance, taking advantage of the great opportunity to network and connect with their peers” says Meghan Burke, Communications Manager. “We encourage attendees to register early for a chance to win a second great Good in Every Grain prize.” 

For those wishing to skip the line at the conference, pre-registered attendees will be able to pick-up their name badges and meal tickets on the 2nd floor at the DoubleTree by Hilton hotel Monday, March 21, from 7-9pm.

The deadline for the second early bird draw to win a Good in Every Grain soft shell jacket is February 29. The 2016 March Classic will be held on March 22 at the London Convention Centre in London, Ontario. For more information and to register, visit https://gfo1.typeform.com/to/YDxXQX .

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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Leadership for Tomorrow: March 20, 2018, at the London Convention Centre.

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#GrainTalk: Targeting Pest Management

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Grain Market Commentary for February 21, 2018

Wednesday, February 21, 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 3.65 ↑ 01 cents
Soybeans CBOT March 10.33 ↑ 14 cents
Wheat CBOT March 4.48 ↓ 06 cents
Wheat Minn. March 6.01 ↑ 01 cents
Wheat Kansas March 4.66 ↓ 09 cents
Chicago Oats March 2.59 ↓ 08 cents
Canadian $ March 0.7890 ↓ 1.03 points

Cash Grain prices as of the close, February 21, are as follows: SWW @ $205.96 ($5.61/bu), HRW @ $203.63/MT ($5.54/bu), HRS @ $231.13/MT ($6.29/bu), SRW @ $201.30/MT ($5.48/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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