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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 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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