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$1,500 cash prize up for grabs for the best spring wheat in Ontario

Grain Farmers of Ontario’s Spring Wheat Challenge now open for registration

The first annual Spring Wheat Challenge is a friendly competition that allows farmers to try their hand at some great prizes and learn about best management practices in the process.

Great Prizes!

  • Grand Prize – $1,500

  • 1st Runner Up - $750

  • 2nd Runner Up - $500

Rules

  • Contest open to all Ontario farmers (GFO Directors, staff and immediate families are restricted from the competition)

  • Field size must be a minimum of 10 acres and the harvested plot must be a minimum of 1.5 acres of the same field.

  • All legal spring wheat production practices will be permitted

  • Any variety designated as milling quality Hard Red Spring can be used; must be certified seed

  • Winning entries must be of Milling Quality (Grade 1,2, or 3)

  • Crop must be weighed in the field using a weigh wagon or, if facilities exist, the crop may be weighed in a regular wagon as long as the weight of the wagon itself is subtracted from the total

  • A representative sample from the harvested plot must be graded by a certified grader (someone who has completed the CGC Grain Grading Course)

  • An independent party must witness all acts of weighing and grading and sign off on the completed Harvest Information Form

  • Growers will be required to fill out a survey form stating production practices of the competition field, location of field and general weather data to participate.

  • Visit us at www.gfo.ca/springwheatchallenge

  • Call us at 1-800-265-0550

  • Email Claire Cowan at ccowan@gfo.ca

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, 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

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Grain Market Commentary for January 17, 2018

Wednesday, January 17, 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 3.53  04 cents
Soybeans CBOT March 9.69  15 cents
Wheat CBOT March 4.21  13 cents
Wheat Minn. March 6.12  22 cents
Wheat Kansas March 4.27  13 cents
Chicago Oats March 2.54  09 cents
Canadian $ March 0.8060  0.80 points

Cash Grain prices as of the close, January 17, are as follows: SWW @ $176.58/MT ($4.81/bu), HRW @ $181.14/MT ($4.93/bu), HRS @ $231.22/MT ($6.29/bu), SRW @ $176.58/MT ($4.81/bu).

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Market Trends Report for January-February 2018

Monday, January 15, 2018

US and World

Winter weather blows across North American farm country as another year has gone and we greet 2018. The 2017 growing season was very uneven across North America, but memories of that are fading. Grain prices have suffered under the specter of big crop numbers that have been projected by both the USDA and private analysts throughout 2017. The January USDA report is always the final report on the crop year that past. On January 12th the USDA released a plethora of crop numbers, which will define the grain marketplace for the coming year.

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On January 12th, the USDA increased 2017 US corn production to 14.6 billion bushels, on a harvested acreage of 82.7 million acres. The average yield was increased to 176.6 bushels per acre, which was 2 bushels above the 2016/17 crop. 2017/18 corn ending stocks were raised to 2.48 billion bushels. Total corn usage was actually reduced to 14.470 billion bushels, down from 14.485 last month. US exports are down and US ethanol corn usage was down from December. Corn stored on December 1 was 12.516 billion bushels, which was above trade expectations.

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