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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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Grain Market Commentary for December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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