News

Early interim payment for pool program

GUELPH, ON (November 21, 2012) – Grain Farmers of Ontario is pleased to announce an early interim payment for wheat that has been marketed though the pool program.  In line with adapting the pool program with new offerings we are making an early interim payment to all pool participants this year. 

The following table shows the initial payment as well as the November initial payment.

Wheat Class Initial Payment at Delivery Interim Payment
Pool A - SWW $140.00 $60.00
Pool B - HRW $145.00 $25.00
Pool C - HRS $158.00 $30.00
Pool E - SRW
Pool F - Common red
$135.00 $35.00
Pool G - Wheat graded feed $108.00 $60.00

Note: all payments are in metric tonnes and based on delivery to a landed basis point

The regular January interim payment and summer final payment are anticipated as well. Pool participants with questions are encouraged to call the Wheat Marketing Department at 1-800-265-0550.

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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