News

Grain Farmers of Ontario offering market seminars

GUELPH, ON (March 19, 2015) – Grain Farmers of Ontario is inviting farmer-members to free marketing seminars during the month of April.

These newly launched seminars will show participants the basics of commodity trading and introduce them to advanced marketing trends and opportunities.

“The futures market can play an important role in a grain marketing plan; however, many farmers have questions about how they can best utilize the markets,” says Ryan Brown, vice president of operations at Grain Farmers of Ontario. “We are pleased that we can utilize the experience of our staff to help them advance their knowledge of the futures markets.”

Seminars will be led by Marty Hibbs, grain merchandiser with Grain Farmers of Ontario. Hibbs has 25 years of experience as a futures trader, analyst, and portfolio manager. He was a regular guest analyst on BNN for four years and is currently authoring the Market Side education series on futures trading basics in the Ontario Grain Farmer magazine.

Locations have been set up across the province to provide broad access to the marketing seminars. Pre-registration is required as space is limited to 20 participants per location. No walks-in will be permitted.

Seminars will run from 9:30 a.m. - 3 p.m. with lunch provided.

April 9 Belleville
April 10 Avonmore
April 16 Guelph
April 17 Brantford
April 21 Oungah
April 22 Mitchell
April 23 London
April 28 New Liskeard

Farmer-members can register by contacting Marty Hibbs at 1-800-265-0550 or mhibbs@gfo.ca, or online at www.gfo.ca/marketing.

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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Grain Market Commentary for June 21, 2017

Wednesday, June 21, 2017

June 21, 2017

Commodity Period Price Weekly Movement
Corn CBOT July 3.69  08 cents
Soybeans CBOT July 9.19  13 cents
Wheat CBOT July 4.65  22 cents
Wheat Minn. July 6.49  22 cents
Wheat Kansas July 4.68  11 cents
Chicago Oats July 2.59  04 cents
Canadian $ September 0.7525  0.25 points

Harvest 2017 prices as of the close, June 21 are as follows:

SWW @ $219.48/MT ($5.97/bu), HRW @ $217.05/MT ($5.91/bu),
HRS @ $267.34/MT ($7.28/bu), SRW @ $217.05/MT ($5.91/bu)

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Market Trends Report for June-July 2017

Monday, June 12, 2017

It is a critical time of the year for grain markets. Across the US corn belt as well as Ontario, farmers have been planting since mid April. It continues. As of May 28th 91% of US corn has been planted and 67% of US soybeans. There are wide variations on this theme as the Eastern and Southern corn belt has seen more of its share of wet weather causing many planting delays. As we move into late June it is a time where the US crop is setting up to be made and marketing decisions for that crop are accentuated by market volatility. The June 9th USDA report gave us another indication of the supply of grain in the US and around the world.

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