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Grain farmers look to federal leaders for a commitment on business risk management

GUELPH, ON (September 21, 2015) – As the federal election candidates turn their attention to agriculture policy, Grain Farmers of Ontario looks forward to commitments on business risk management programs for farmers.

Ontario grain and oilseed farmers require access to risk management programs that are timely, predictable, bankable, and straightforward, including a permanent suite of fully-funded federal Business Risk Management (BRM) programs.

“Grain farming is a high risk business and farmers face many challenges every year like volatile prices and weather patterns,” says Mark Brock, Chair of Grain Farmers of Ontario. “We also have to compete in a global marketplace that is influenced by government supports in other countries, requiring us to be innovative in order to remain competitive.”

BRM is a key to innovation and competition in a global environment, allowing grain farmers to adopt innovative practices in order to remain competitive while providing stability so that farmers have the confidence to invest in their operations.

“Right now, we have AgriStability as one of the federal-provincial Growing Forward 2 suite of BRM programs – but it’s not working for Ontario’s grain farmers,” says Brock.

Grain Farmers of Ontario is seeking a commitment from the federal leaders to review the AgriStability program for grain and oilseed producers with a view to replacing it with a more predictable and transparent program that works to provide income stabilization for grain and oilseed farmers. 

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Brock, Chair - 519-274-3297; cropper01@hotmail.com

Deb Conlon, Manager, Government Relations - 416-805-4490; dconlon@gfo.ca

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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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