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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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Leadership for Tomorrow: March 20, 2018, at the London Convention Centre.

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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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