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Grain Farmers of Ontario extended office marketing hours

GUELPH, ON (June 13, 2012) – Grain Farmers of Ontario is pleased to announce the Wheat Marketing department has extended its hours of marketing, in lieu of the new trading hours established by the CME and other boards of trade.

As of May 21, 2012, Chicago Mercantile Exchange Group (CME)’s Chicago Board of Trade (CBOT) Agricultural Commodity products are available for electronic trading 21 hours a day and Grain Farmers of Ontario will extended our marketing hours to reflect this change.

Todd Austin, manager of marketing for Grain Farmers of Ontario is, “quite pleased to announce this opportunity to our members, which will provide more flexibility in the timing of pricing decisions. Instead of the traditional four hour window to call in for prices, farmers can now call almost 8 hours a day.”

Members can call the Grain Farmers of Ontario Marketing team from 8:45 am – 3:00 pm Eastern Standard Time during the days markets are open.  Grain Farmers of Ontario’s marketing options are available during these times including forward contracting and basis contracting. Grain Farmers of Ontario also continues to provide pool options for members.

For information on your wheat marketing, please call 1-800-265-0550 or 519 767-6537. 

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.

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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Grain Market Commentary for June 21, 2017

Wednesday, June 21, 2017

June 21, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.69  08 cents
Soybeans CBOT July 9.19  13 cents
Wheat CBOT July 4.65  22 cents
Wheat Minn. July 6.49  22 cents
Wheat Kansas July 4.68  11 cents
Chicago Oats July 2.59  04 cents
Canadian $ September 0.7525  0.25 points

Harvest 2017 prices as of the close, June 21 are as follows:

SWW @ $219.48/MT ($5.97/bu), HRW @ $217.05/MT ($5.91/bu),
HRS @ $267.34/MT ($7.28/bu), SRW @ $217.05/MT ($5.91/bu)

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Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

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