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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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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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