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Grain Farmers of Ontario landed basis (initial payment) price chart 2011 crop year

GUELPH, ON (July 07, 2011) – Grain Farmers of Ontario announces the initial payments for the 2011 pool program. These prices are based on current market conditions and represent an estimated 65% of the final price. “GFO’s pool program allows farmer members an opportunity to diversify their marketing risk during these volatile times.” Barry Senft C.E.O Grain Farmers of Ontario. In the past 7 years, five of those have paid more to pool participants than the cash price market available at harvest.


SWW (Pool A)
Gross landed basis price
Less license fee*
Net landed basis price

$152.00
$0.97
$151.03
HRW (Pool B) Grown from certified seed (proof required)
Gross landed basis price
Less license fee*
Net landed basis price

$157.00
$0.97
$156.03
HRS (Pool C) Grown from certified seed (proof required)
Gross landed basis price

Less license fee*
Net landed basis price

$172.00
$0.97
$171.03
SRW (Pool E)
Gross landed basis price
Less license fee*
Net landed basis price

$142.00
$0.97
$141.03
Hard Red (Pool F)
Gross landed basis price
Less license fee*
Net landed basis price

$142.00
$0.97
$141.03
Feed (Pool G)
Gross landed basis price
Less license fee*
Net landed basis price

$122.00
$0.97
$121.03

Notes: 

  • Landed Basis Levels are subject to change 
  • Classes HRW & HRS (Pools B & C) – plus protein payment 
  • Discounts will apply for lower grades 
  • Prices in metric tonne 

Please refer to the variety list on our website (http://www.gfo.ca/Marketing/WheatMarketing/InitialPayments) for the varieties accepted for Pool C (HRS). All varieties not accepted in Pool C (HRS) will be considered Pool F (HR). Please remember that Grain Farmers of Ontario requires a Form 7 producer declaration for all Pool B (HRW) and Pool C (HRS) wheat.

* Effective July 1 2011 every producer of wheat shall pay to the local board licence fees at the rate of $0.87 per metric tonne plus the Grain Financial Protection Plan fee of $0.10 per metric tonne, for a total of $0.97 (includes 10 cents for Grain Financial Protection Fund) per metric tonne, in respect of all wheat marketed by the producer.

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 August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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