News

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

Market Reports

Get Aggregated RSS

Market Trends Report for April-May 2017

Monday, April 24, 2017

US and World

It is that time. In the United States and to a very limited amount in Ontario planters are rolling across farm country. With the bearish tone set in the market coming off the March 31st USDA projected plantings report, there is much interest in just how many acres American farmers will plant in 2017. For the week ending April 16, 2017, American farmers had approximately 6% of the US corn crop planted compared to 12% last year. It is early yet and weather has not cooperated throughout the American Midwest. As we move ahead, those weather concerns will define the crop mix and ultimately market prices.

Listen to the podcast

Grain Market Commentary for April 19, 2017

Thursday, April 20, 2017

All of these reports include a weekly Ontario Wheat Market Commentary for the current season. Ontario Corn and Soybean Commentaries are also included; reflecting the overall Grain Farmers of Ontario perspective.


April 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT May 3.62  04 cents
Soybeans CBOT May 9.50  02 cents
Wheat CBOT May 4.19  15 cents
Wheat Minn. May 5.37  10 cents
Wheat Kansas May 4.17  13 cents
Chicago Oats May 2.18  07 cents
Canadian $ June 0.7420  0.95 points

Stay in touch

Subscribe to the Bottom Line

Subscribe to The Bottom Line, the weekly newsletter that helps our members stay on top of all the news that affects their bottom line.

Read the latest issue (April 21, 2017)

Subscribe


Inside Grain Farmers of Ontario

New episodes every week.

Episode 42: Finance and Administration


Follow us

twitter   linkedin   youtube
sustainability
mobile apps