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Grain Farmers of Ontario tractor cab telephone town hall a success

GUELPH, ON (June 3, 2014) – The first of three Tractor Cab Telephone Town Halls hosted by Grain Farmers of Ontario took place on Monday, June 2nd with Progressive Conservative member Ernie Hardeman.

Farmers called in to hear the Progressive Conservative Party’s thoughts on the Risk Management Program, a Soy Innovation Centre, Ontario specific research capacity, and the regulatory process for agricultural technologies. Grain Farmers of Ontario would like to thank Ernie Hardeman and the Ontario Progressive Conservative Party for participating in this important exercise.

“We’re hosting these Town Halls to help farmers get involved in the election process while working on their farms,” says Henry Van Ankum, Grain Farmers of Ontario Chair. “Everyone is focused on getting their crops in the ground after a tough winter and late, wet spring – we are pleased that many farmer-members were able to call-in to the first Town Hall.”

The next Tractor Cab Telephone Town Hall will take place on Friday, June 6th at 11:30am with Jeff Leal, Ontario Liberal Party Minister of Rural Affairs. The third Town Hall will take place on Monday, June 9th at 11:00am with New Democrat Party Agriculture Critic John Vanthof. The call-in number for both Town Halls is 1-888-886-7786. 

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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