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Grain Farmers of Ontario launches online Risk Management Program calculator

GUELPH, ON (November 8, 2010) – Grain Farmers of Ontario is launching an online Risk Management Program calculator today at wwww.gfo.ca/rmp to coincide with the release of the 2010 pre-harvest payment information by Agricorp. 

The RMP calculator allows growers to measure how the program will assess their farm’s 2010 production, under a range of price scenarios.  Growers can enter their individual acreage and crop mix into the calculator and change the coverage levels to determine the best possible outcome.

“The goal of RMP has always been predictability and bankability and GFO wants to ensure that aspect of the program is fulfilled in a comprehensive and accessible format,” says Erin Fletcher, Manager, Public Affairs and Communications for GFO.

The calculator will also allow growers to enter an expected post-harvest price to run potential post-harvest scenarios.  The post-harvest prices for corn and soybeans are the daily average for Chatham delivery from October 2010 through to March 2011. The winter wheat post-harvest price is calculated from July to December 2010 using a weighted average daily price from a range of buyers, including GFO (wheat board), terminals, and elevators. 

Grain Farmers of Ontario is optimistic about the future of the Risk Management Program in Ontario.  Participation is a key factor in the evaluation of the program and also may determine future eligibility for growers.  RMP was always intended to be an insurance type program to be invested in for the long term and GFO hopes this will continue to be a consideration for those determining their participation in 2010.

The RMP calculator is available on the GFO website at www.gfo.ca/rmp. Additional information about RMP can be obtained from Agricorp online at www.agricorp.com or by phone at 1-888-247-4999.

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 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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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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