News

New date for 2014 March Classic

GUELPH, ON (January 6, 2014) – Grain Farmers of Ontario’s March Classic has a new date! This year it will be held on March 24th, 2014 at the London Convention Centre.

“Moving the conference back one week, from previous conferences, has allowed us to build the best speaker line-up to date,” says Meghan Burke, Manager of Communications at Grain Farmers of Ontario. “This date has changed from the initial announcement in the summer of 2013, so we encourage attendees to mark their calendars with the new date”.

This annual event is the largest grain-focused conference in Eastern Canada and is expected to draw upwards of 700 attendees from farms across Ontario, government, and industry. The theme for 2014 is Launching Ontario Grains to New Heights and the conference will host speakers in the areas of science and innovation in agriculture, leadership, and grain marketing.

“Every year we are challenged to build on the excitement and success of the previous conference,” says Burke. “With keynote speaker Chris Hadfield we are anticipating a full house, so we strongly encourage people to register early.”

Those who register by January 31st will be entered into an early-bird draw for a $25 gas gift card. The complete speaker line-up will be released in the coming weeks. For more information and to register, visit www.gfo.ca/marchclassic.

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

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Grain Market Commentary for July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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