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March Classic early bird winner

GUELPH, ON (February 3, 2015) – Grain Farmers of Ontario would like to congratulate Kerry Lunn of Thamesville, ON, the winner of January’s March Classic early bird draw. Kerry will be receiving a Good in Every Grain prize pack.

Everyone who registers for the March Classic before the end of February, including those who registered in January, will be eligible to win a second early bird prize from Good in Every Grain.

“Last year, the March Classic saw record attendance and we’re expecting a strong turn-out again this year,” says Meghan Burke, Communications Manager. “We hope attendees will take the opportunity to register early for a chance to win a great prize.”

New this year, for those wishing to skip the line at the conference, pre-registered attendees will be able to pick-up their name badges and meal tickets at the Hilton hotel Monday, March 23rd, from 7-9pm.

The deadline for the second early bird draw is February 28th. The 2015 March Classic will be held on March 24th at the London Convention Centre in London, ON. 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:

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

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

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The 2017 Grain Farmers of Ontario Annual Report is now available.

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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.

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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).

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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.

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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.

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