News

Grain Farmers of Ontario wheat pool return outlook

GUELPH, ON (June 20, 2013) – The Ontario Wheat Pool is announcing the Pool Return Outlook (PRO) projections based on the current marketing environment. Following are the projected pool returns after anticipated expenses and deductions.

Pool Class $/bus $/mt
Pool A (SWW) $5.99 $220.00
Pool B (HRW) $6.22 $229.00
Pool C (HRS) $7.13 $262.00
Pool E (SRW) $5.96 $219.00

Pooling is a risk management tool available to Ontario wheat farmers. “By committing a portion of wheat to the pool program, Ontario farmers can take advantage of market conditions incrementally throughout the market year,” says Todd Austin, Manager of Wheat Marketing at Grain Farmers of Ontario. “This approach allows farmers to capitalize on market movements after harvest.” 

“With recent volatility of futures markets, the initial price offered for wheat does not always reflect the final prices generated through the pool program,” continues Austin. “At times this makes it difficult for a farmer to compare the pool program with cash pricing.”

To assist farmers in predicting cash flow, Grain farmers of Ontario will issue and periodically update the PRO for all classes of wheat. The PRO is a price indication based on current nearby and forward markets. It is not a guarantee of price but rather an indication or projection of potential returns based on current price and economic conditions. The PRO will be updated as market conditions dictate. It’s important that farmers are aware that volatility in the marketplace may affect the PRO in a significant manner.

For more information on the PRO or to commit a portion of your wheat to the pool contact the Wheat Marketing Team or Todd Austin at taustin@gfo.ca or 1 – 800 – 265-0550 x 220. Information can also be found online at http://gfo.ca/WheatMarketing.aspx.

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

Register for the March Classic

March Classic logo

Leadership for Tomorrow: March 20, 2018, at the London Convention Centre.

Register here


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 (January 17, 2018)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 68: Research

Weekly Commentary

Get Aggregated RSS

Grain Market Commentary for January 17, 2018

Wednesday, January 17, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

Register now

Commodity Period Price Weekly Movement
Corn CBOT March 3.53  04 cents
Soybeans CBOT March 9.69  15 cents
Wheat CBOT March 4.21  13 cents
Wheat Minn. March 6.12  22 cents
Wheat Kansas March 4.27  13 cents
Chicago Oats March 2.54  09 cents
Canadian $ March 0.8060  0.80 points

Cash Grain prices as of the close, January 17, are as follows: SWW @ $176.58/MT ($4.81/bu), HRW @ $181.14/MT ($4.93/bu), HRS @ $231.22/MT ($6.29/bu), SRW @ $176.58/MT ($4.81/bu).

Read more

Market Trends

Get Aggregated RSS

Market Trends Report for January-February 2018

Monday, January 15, 2018

US and World

Winter weather blows across North American farm country as another year has gone and we greet 2018. The 2017 growing season was very uneven across North America, but memories of that are fading. Grain prices have suffered under the specter of big crop numbers that have been projected by both the USDA and private analysts throughout 2017. The January USDA report is always the final report on the crop year that past. On January 12th the USDA released a plethora of crop numbers, which will define the grain marketplace for the coming year.

Listen to the podcast

On January 12th, the USDA increased 2017 US corn production to 14.6 billion bushels, on a harvested acreage of 82.7 million acres. The average yield was increased to 176.6 bushels per acre, which was 2 bushels above the 2016/17 crop. 2017/18 corn ending stocks were raised to 2.48 billion bushels. Total corn usage was actually reduced to 14.470 billion bushels, down from 14.485 last month. US exports are down and US ethanol corn usage was down from December. Corn stored on December 1 was 12.516 billion bushels, which was above trade expectations.

Read more

sustainability
mobile apps