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Major updates to Grain Farmers of Ontario SellSmart App in 2016

sellsmart iconOntario Grain Farmer readers are already very familiar with SellSmart, Grain Farmers of Ontario’s grain pricing app; users of the app will be pleased to know that a major update is coming this summer with some new features and improved functionality.

SellSmart was designed six years ago to assist farmers in Ontario in selling their corn, soy, and wheat by providing delayed futures pricing data from CBOT and adjusted cash prices for grain elevators across Ontario. A lot has changed since then – both for Grain Farmers of Ontario, which now also represents barley and oat growers – and in the world of mobile apps. SellSmart has been re-built from the ground up to meet new standards for accessibility and responsiveness. We have improved the user interface and added support for US dollar pricing; most importantly, the app will now be able to handle barley and oat pricing (although at this time pricing data is limited).

The new version of SellSmart is set for release in June 2016 for iOS, Android, and the BlackBerry BB10 operating system. Users with older BlackBerry devices will still have access to the old version of the app. 

If you don't already use SellSmart, you can download it now for iOSAndroid, or BlackBerry. You will be able to upgrade it for free when the new version is released.

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new sellsmart splash screen new sellsmart crop selection screen new sellsmart price screen

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Weekly Commentary

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Grain Market Commentary for October 12, 2017

Thursday, October 12, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.49  06 cents
Soybeans CBOT November 9.92  34 cents
Wheat CBOT December 4.30  12 cents
Wheat Minn. December 6.12  02 cents
Wheat Kansas December 4.26  10 cents
Chicago Oats December 2.62  16 cents
Canadian $ December 0.8030  0.15 points

Harvest 2017 prices as of the close, October 12 are as follows: SWW @ $183.52/MT ($4.99/bu), HRW @ $192.67/MT ($5.24/bu), HRS @ $238.89/MT ($6.50/bu), SRW @ $188.09/MT ($5.12/bu).

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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