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Barley and oats to be represented by Grain Farmers of Ontario

GUELPH, ON (January 5, 2015) – Barley and oat farmers across the province have voted strongly in favour of being represented by Grain Farmers of Ontario.

“We are pleased to announce that barley and oat production in Ontario is anticipated to be represented by Grain Farmers of Ontario by July 1, 2015,” says Barry Senft, CEO of Grain Farmers of Ontario. “These crops are important to the grain industry in our province and we are keen to provide value to Ontario’s barley and oat farmers in the areas of research, market development, and advocacy.”

The Ontario Farm Products Marketing Commission invited barley and oat farmers to participate in an expression of opinion vote in November, 2014. The result was very positive with 77% of voters in favour of representation by Grain Farmers of Ontario.

The Ontario Farm Products Marketing Commission has begun the process required to make the regulatory changes. This includes a posting on the government regulatory registry for 45 days to allow additional comments on the addition of barley and oats. The intent is to have all regulatory amendments finalized for July 1, 2015. Under the amended regulations, farmers selling barley and oats to licensed elevators or mills will be required to pay a license fee to Grain Farmers of Ontario. Farm fed and farmer to farmer sales of barley and oats will not attract any licence fees, which is consistent with the current treatment of corn, soybeans, and wheat.

Barley and oat farmers are encouraged to attend Grain Farmers of Ontario’s annual district grain committee meetings held across the province throughout the month of January. Information about these meetings can be found at www.gfo.ca

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

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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