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Grain Farmers of Ontario annual harvest survey begins

GUELPH, ON (August 5, 2011) – Grain Farmers of Ontario is once again conducting the annual wheat harvest survey that will provide our buyers with qualitative data from the 2011 wheat harvest.  Results to date show good test weights and solid grade #2 wheat and milling and baking tests have begun on the first half of the crop.

For the Grain Farmers of Ontario, having the quality of wheat that buyers are looking for is essential to maintaining the domestic and international reputation of our wheat and the profitable success of our farmer members.  An annual survey allows for our customers to compare this year’s wheat quality to years past and adjust their grist to ensure a seamless transition between crop years.

“The result of the quality inspection is a snapshot of the quality of Ontario’s wheat that we make available to everyone in the industry,” says Mike Reimer Ontario Wheat Technologist with the Canadian International Grains Institute (CIGI).

The Harvest Survey is conducted each year at this time right across the province in order to understand the overall quality of the year’s Ontario wheat crop and identify points of regional differentiation. Harvest samples are collected from participating grain elevators and terminals throughout the harvest season. As grains are delivered, 1kg sample bags are taken and labeled with the variety of wheat and where it is grown then graded by the Canadian Grain Commission. The grain is then sent for milling followed by a flour quality inspection by the Canadian International Grains Institute in Winnipeg, MB.

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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