Grain Farmers of Ontario March Classic sets new standard

Conference brings together industry, politicians and farmer members.

GUELPH, ON (April 1, 2011) – The Grain Farmers of Ontario (GFO) March Classic in London saw record attendance and world-class speakers setting a new standard for future conferences.

Over 500 farmers and industry partners attended the one day conference at the London Convention Centre. The day opened with an address from the Honourable Carol Mitchell, Minister of Agriculture, Food, and Rural Affairs, followed by Tim Hudak, leader of the Ontario PC party. Attendees then enjoyed speeches from keynote speakers Peter Mansbridge, The National and Kevin O’Leary, Dragon’s Den.

“The attendance and energy at the conference this year reflects the positive direction of grain farming in Ontario”, says Barry Senft, CEO of GFO. “The conference was a great success and set the bar high for the 2012 March Classic.”

An exhibit hall overflowed into the hallway with many industry representatives available for discussions during breaks and lunch. Also during lunch, the Canadian Renewable Fuels Association (CRFA) held a press conference launching their “Powered by Biodiesel” bumper sticker campaign.

The afternoon sessions launched into industry perspectives from Warburtons (the third largest bread manufacturer in the United Kingdom), CRFA, and Spirits Canada (the national trade association of Canadian manufacturers and marketers of distilled spirits, including whisky) triggering a provocative question and answer session with the panel of speakers. The day closed with industry insights from Cal Whewell, Risk Management Consultant at FC Stone.

Throughout the day GFO collected donations for the Red Cross to support the relief efforts in Japan. Participants generously donated $1100.

The closing dinner banquet was sold out and the crowd was entertained by Brent Butt, Corner Gas. GFO was honoured to host the presentation of the T.R. Hilliard Award for distinguished agriculture extension during the banquet. The deserving recipient was Horst Bohner, Soybean Specialist with OMAFRA. GFO thanks Horst for his ongoing contributions to agriculture and congratulates him on this award. 

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 March 7, 2018

Wednesday, March 07, 2018

Commodity Period Price Weekly Movement
Corn CBOT May 3.87 ↑ 13 cents
Soybeans CBOT May 10.65 ↑ 10 cents
Wheat CBOT May 4.97  02 cents
Wheat Minn. May 6.20 02 cents
Wheat Kansas May 5.34  12 cents
Chicago Oats May 2.64  06 cents
Canadian $ March 0.7731 ↓ 0.65 points

Cash Grain prices as of the close, March 7, are as follows: SWW @ $238.66 ($6.50/bu), HRW @ $233.91/MT ($6.37/bu), HRS @ $248.62/MT ($6.77/bu), SRW @ $231.54/MT ($6.30/bu).

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Market Trends Report for March-April 2018

Monday, March 12, 2018

March is often a time in the grain markets where we can see movement in the production area of South America, which can be impacted by weather events. The big US crop has long been put away and is slowly moving out to end-users across the greater hinterland. Problems in Argentina with severe drought conditions have dominated the landscape over the last 30 days as prices have gone up to become much more volatile based on this weather market. Increasingly so, farmers need to watch the weather maps of South America to get clues of production conditions in the southern hemisphere.

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The USDA is starting in on their projection season. On February 22nd during their Outlook forum predictions for 2018 corn and soybean acres came in equally at 90 million acres. So let the games begin. An even bigger USDA report will come March 29th when the USDA releases its prospective plantings report. Markets will be focused on that day to see if there are any surprises.

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