Grain Farmers of Ontario wheat pool return outlook

GUELPH, ON (June 20, 2013) – The Ontario Wheat Pool is announcing the Pool Return Outlook (PRO) projections based on the current marketing environment. Following are the projected pool returns after anticipated expenses and deductions.

Pool Class $/bus $/mt
Pool A (SWW) $5.99 $220.00
Pool B (HRW) $6.22 $229.00
Pool C (HRS) $7.13 $262.00
Pool E (SRW) $5.96 $219.00

Pooling is a risk management tool available to Ontario wheat farmers. “By committing a portion of wheat to the pool program, Ontario farmers can take advantage of market conditions incrementally throughout the market year,” says Todd Austin, Manager of Wheat Marketing at Grain Farmers of Ontario. “This approach allows farmers to capitalize on market movements after harvest.” 

“With recent volatility of futures markets, the initial price offered for wheat does not always reflect the final prices generated through the pool program,” continues Austin. “At times this makes it difficult for a farmer to compare the pool program with cash pricing.”

To assist farmers in predicting cash flow, Grain farmers of Ontario will issue and periodically update the PRO for all classes of wheat. The PRO is a price indication based on current nearby and forward markets. It is not a guarantee of price but rather an indication or projection of potential returns based on current price and economic conditions. The PRO will be updated as market conditions dictate. It’s important that farmers are aware that volatility in the marketplace may affect the PRO in a significant manner.

For more information on the PRO or to commit a portion of your wheat to the pool contact the Wheat Marketing Team or Todd Austin at taustin@gfo.ca or 1 – 800 – 265-0550 x 220. Information can also be found online at http://gfo.ca/WheatMarketing.aspx.

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:

Barry Senft, CEO – 1-800-265-0550; bsenft@gfo.ca

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.