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Annual district meetings in progress

Grain Farmers of Ontario will be holding Annual District Grain Committee Meetings during the month of January. These meetings are called to receive reports, elect the District delegates, alternates, and directors, and conduct other business as may properly come before the annual meeting. All barley, corn, oat, soybean, and wheat farmers are encouraged to attend their local meeting.

The schedule of district meetings is here.

A successful first fiscal year for Grain Farmers of Ontario

GUELPH, ON (September 16, 2011) – At the September 8, 2011 Grain Farmers of Ontario Annual General Meeting, farmer members learned of the many ways the organization added value to its members in 2011 and of the surplus position of the organization that has led to a reduction in license fees for the 2012 crop year.

In addition to the positive reports from the organization’s leadership, delegates and members came together to have meaningful discussion on issues and resolutions that will affect farmer-members in the future.

“The financial reports for Grain Farmers of Ontario's first full fiscal year are very positive, ending with an operating surplus of $4 million,” said Grain Farmers of Ontario finance manager Tom Farfaras in his presentation. “This surplus is due to the record yields and quality of the 2010 crop.”

The meeting also featured interesting speakers including David Phillips from Environment Canada who shared his thoughts on overarching weather trends and why weather seems to matter so much to Canadians, especially farmers. Attendees also had an opportunity to hear from John DePutter who spoke on market trends and provided insight into both the current market conditions and future opportunities.

To see the detailed reports from each manager at Grain Farmers of Ontario and for a complete look at our financial statements, see our Annual Report here: http://gfo.ca/Annual-Report

The financials will also appear in the October issue of the Ontario Grain Farmer magazine.

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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Weekly Commentary

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Grain Market Commentary for January 17, 2018

Wednesday, January 17, 2018

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

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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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