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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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Commodity Period Price Weekly Movement
Corn CBOT March 3.65 ↑ 01 cents
Soybeans CBOT March 10.33 ↑ 14 cents
Wheat CBOT March 4.48 ↓ 06 cents
Wheat Minn. March 6.01 ↑ 01 cents
Wheat Kansas March 4.66 ↓ 09 cents
Chicago Oats March 2.59 ↓ 08 cents
Canadian $ March 0.7890 ↓ 1.03 points

Cash Grain prices as of the close, February 21, are as follows: SWW @ $205.96 ($5.61/bu), HRW @ $203.63/MT ($5.54/bu), HRS @ $231.13/MT ($6.29/bu), SRW @ $201.30/MT ($5.48/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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