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Grain Farmers of Ontario March Classic industry speakers

GUELPH, ON (March 01, 2011)  – Grain Farmers of Ontario March Classic will offer global industry insight for Ontario growers. Buyers of corn, wheat, and soybeans will explain their experiences with Ontario product and how adjustments in on-farm practices will help ensure the sustainability of grain farming on our province.

A great supporter of Grain Farmers of Ontario , Jan Wescott of Spirits Canada, will offer a wealth of knowledge about the corn quality requirements for fine Canadian whisky. The whisky industry is unique and proves to be a marketing channel of interest for many Ontario grain farmers. Remote distilleries often rely on the convenience of local farm supplies of corn whereas border locations have numerous options. Wescott will share how we can keep Ontario distilleries buying domestic corn.

Travelling all the way from the United Kingdom (UK), Warburton’s Bob Beard, will join the Grain Farmers of Ontario conference to discuss their wheat program and how they select their wheat suppliers. Warburtons is an artisan bakery that has been highly successful in the UK for 130 years. The company purchases all their wheat from the UK and Canada and has implemented traceability all the way back to the farm. Beard will provide great insight into the differences between Western and Eastern Canadian wheat in baked goods.

Finally, CRFA President Gordon Quaiattini will speak to the March Classic crowd about the status of renewable grain based fuels in Ontario. From biodiesel to ethanol, Quaiattini will flow knowledge of the current and future position of renewable fuels domestically and internationally as well as the economic impact on farm and on a macro-scale.

These three powerful industry alliances will provide an opportunity for Ontario’s grain farmers to address marketing and end-use requirements of their crops. To register for the March Classic visit www.gfo.ca/MarchClassic or call the Grain Farmers of Ontario office at 1-800-265-0550. 

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.

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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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