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:

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 March 7, 2018

Wednesday, March 07, 2018

Commodity Period Price Weekly Movement
Corn CBOT May 3.87 ↑ 13 cents
Soybeans CBOT May 10.65 ↑ 10 cents
Wheat CBOT May 4.97  02 cents
Wheat Minn. May 6.20 02 cents
Wheat Kansas May 5.34  12 cents
Chicago Oats May 2.64  06 cents
Canadian $ March 0.7731 ↓ 0.65 points

Cash Grain prices as of the close, March 7, are as follows: SWW @ $238.66 ($6.50/bu), HRW @ $233.91/MT ($6.37/bu), HRS @ $248.62/MT ($6.77/bu), SRW @ $231.54/MT ($6.30/bu).

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Market Trends

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Market Trends Report for March-April 2018

Monday, March 12, 2018

March is often a time in the grain markets where we can see movement in the production area of South America, which can be impacted by weather events. The big US crop has long been put away and is slowly moving out to end-users across the greater hinterland. Problems in Argentina with severe drought conditions have dominated the landscape over the last 30 days as prices have gone up to become much more volatile based on this weather market. Increasingly so, farmers need to watch the weather maps of South America to get clues of production conditions in the southern hemisphere.

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The USDA is starting in on their projection season. On February 22nd during their Outlook forum predictions for 2018 corn and soybean acres came in equally at 90 million acres. So let the games begin. An even bigger USDA report will come March 29th when the USDA releases its prospective plantings report. Markets will be focused on that day to see if there are any surprises.

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