News

Grain Farmers of Ontario plans for success

GUELPH, ON (June 25, 2010) – The Grain Farmers of Ontario strategic plan is complete, pending final Board review, and the accompanying budget has been approved by the Board for fiscal 2011 beginning June 1, 2010.

The strategic plan will challenge directors and staff with a broad vision for the organization that positions Ontario’s grain farmers as leaders not only in our province but beyond our borders.

“Our strategic plan will ultimately deliver tangible results into the bank accounts of our farmer members,” says Barry Senft, GFO’s CEO. 

The strategic plan will require a small increase in license fees to $1.75 per acre, from the originally proposed $1.70 in 2007, but will deliver dividends that will be measured in: 

  • new market opportunities,

  • increased access to information that will add value to members’ businesses,

  • research results that will reduce costs or increase returns and

  • better access to all levels of government, industry and the public on issues that affect your business.

“An example of where we have already started to add value was our new Market Development reception on June 23 in Guelph where we brought stakeholders from the industry and government together to discuss ways we can work together to bring new business opportunities for grain to Ontario,” say Senft.  “There are lots of exciting new products under development and we intend to have that infrastructure built close to our grain producing regions.”

This work cannot be done without the continued support and input from our members.  The GFO Strategic Plan will be available for comment later in the summer and all stakeholders are encouraged to contact the office or a local director or delegate with ideas and comments for ways we can work together to deliver results to Ontario’s grain farmers.  .

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 August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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