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Grain Farmers of Ontario announces interim payment for pool program

GUELPH, ON (January 26, 2017) – Grain Farmers of Ontario is pleased to announce the interim payment for wheat that has been marketed though the pool program.

"When producers enter in the wheat pool, Grain Farmers of Ontario markets the pooled wheat on their behalf," says Todd Austin, Manager of Wheat Marketing, Grain Farmers of Ontario. "Interim payments are made in January and final payments the following August, so the Pool spreads out cash flow and can be a tool to help manage your price risk."

The following table shows the interim payment and the January initial payment.

Wheat class Initial payment at delivery Interim payment
SWW (Pool A) $130.00 $15.00
HRW (Pool B) $140.00 $15.00
HRS (Pool C) $140.00 $30.00
SRW (Pool E) $130.00 $20.00
Feed wheat (Pool G) $110.00 $40.00

Note: all payments are in metric tonnes and based on delivery to a landed basis point.

Grain Farmers of Ontario issues and regularly updates the pool return outlook for all wheat classes at www.gfo.ca/WheatMarketing. Pool participants with questions are encouraged to call the Wheat Marketing Department at call 1-800-265-0550.

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:

Todd Austin, Manager, Marketing - 519-767-4118; taustin@gfo.ca

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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