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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 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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