News

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

Stay in touch

Annual Report

The 2017 Grain Farmers of Ontario Annual Report is now available.

Read it now or download a .pdf.


Subscribe to the Bottom Line

Subscribe to The Bottom Line, the weekly newsletter that helps our members stay on top of all the news that affects their bottom line.

Read the latest issue (December 8, 2017)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 64: Communications


Follow us

twitter   linkedin   youtube

Weekly Commentary

Get Aggregated RSS

Grain Market Commentary for December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

Read more

Market Trends

Get Aggregated RSS

Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

Listen to the podcast

On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

Read more

sustainability
mobile apps