News

Second March Classic early bird draw winner

GUELPH, ON (March 5, 2013) – Grain Farmers of Ontario would like to congratulate Don McKercher from District 9 for winning the second and final March Classic Early Bird draw! Don has won a Petro Canada Preferred Price Fuel Card to enjoy a discount of 25 cents per litre for 100 litres of fuel at any Petro Canada location.

Speakers for the March Classic include, Evan Solomon, Cal Whewell, Elaine Froese, Ron MacLean and entertainment by The Debaters. New this year is the Farmer Panel, moderated by Elaine Froese that will discuss the topic “what will farming look like in the future”. This panel will provide unique perspectives on the future of Ontario’s grain industry from farmers at various life and business stages.

The March Classic is the largest grain-focused conference in Eastern Canada drawing upwards of 500 attendees from government, industry, and farms across Ontario. Building on the huge success of the 2012 conference, Grain Farmers of Ontario has developed an even bigger and better event for 2013 with speakers discussing issues of politics, grain markets and succession planning. This is an event you won’t want to miss!

To pre-register online for the Monday March 18th conference in London, Ontario at the London Convention Center, visit www.gfo.ca/marchclassic or call the office at 1 800 265 0550. Pre-registration will close midnight on March 12th

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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Weekly Commentary

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Grain Market Commentary for September 20, 2017

Wednesday, September 20, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.50  01 cents
Soybeans CBOT November 9.70  11 cents
Wheat CBOT December 4.50  07 cents
Wheat Minn. December 6.22  12 cents
Wheat Kansas December 4.48  05 cents
Chicago Oats December 2.46  08 cents
Canadian $ December 0.8115  0.75 points

Harvest 2017 prices as of the close, September 20 are as follows:
SWW @ $190.53/MT ($5.19/bu), HRW @ $199.60/MT ($5.43/bu),
HRS @ $241.11/MT ($6.56/bu), SRW @ $195.06/MT ($5.31/bu).

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Market Trends

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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