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Grain Farmers of Ontario: officially Ontario's new marketing board

Guelph, OntarioOntario’s corn, soybean and wheat farmers will have a strong and unified voice in the province beginning January 1, 2010 with the inauguration of Grain Farmers of Ontario.

An interim board of directors will be appointed by the province to oversee the GFO’s operations until the completion of regional elections in early February.  The elected board of directors for Grain Farmers of Ontario will be in place by early March 2010 and will focus initially on policy development and business planning.

“GFO will ensure our members have a strong voice on provincial and national issues as well as offering programs and services that add value to their businesses,” says Barry Senft, CEO of Grain Farmers of Ontario.  

GFO will build upon the strength of our farmer members and our heritage organizations to take a leadership role in marketing, market development and advocacy.  The new organization will work with farmers to get the most out of their high quality crops through innovative research and policy development.

For GFO to be successful right out of the gate, it is important for all members to shape and direct the organization by participating in the upcoming January meetings and elections.  There will be an opportunity for dialogue with executive staff and to elect the political leaders of GFO at these meetings to ensure the organization is built from the ground up.  Check the website at www.gfo.ca or the Ontario Grain Farmer magazine for regional meeting dates.

This merger of Ontario’s corn, soybean and wheat organizations will position GFO as the largest provincial commodity board representing 28,000 farmers and five million acres of farmland that generate $2.2 billion in farm gate receipts, over $9 billion in economic output and 40,000 jobs.

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Weekly Commentary

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Grain Market Commentary for July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Market Trends

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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