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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 November 15, 2017

Thursday, November 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.38  10 cents
Soybeans CBOT January 9.75  15 cents
Wheat CBOT December 4.20  02 cents
Wheat Minn. December 6.25  11 cents
Wheat Kansas December 4.18  02 cents
Chicago Oats December 2.69  02 cents
Canadian $ December 0.7835  0.60 points

Cash grain prices as of the close, November 15 are as follows: SWW @ $182.95/MT ($4.98/bu), HRW @ $192.33/MT ($5.23/bu), HRS @ $251.44/MT ($6.84/bu), SRW @ $187.64/MT ($5.11/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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