GFO Newsletter for June/July 2018
GET THE LATEST NEWS FROM GRAIN FARMERS OF ONTARIO
GRAIN DISCOVERY ZONE
The Grain Discovery Zone educational trailer is off to an early start this fair season with a trip to the Earlton Farm Show, April 12 – 14. The trailer features a corn box with farm equipment toys, videos showcasing farming in Ontario, and other interactive displays that help teach young fair visitors about grains. To see when the Grain Discovery Zone will be at a fair near you, check out the event schedule posted at www.gfo.ca. •
GRAINTALK
GrainTALK is Grain Farmers of Ontario’s new way to communicate with our farmer-members! Look for GrainTALK podcasts, webinars, newsletters, and more every week. •
FIELD RESEARCH TOURS
Grain Farmers of Ontario will host two Research Tours for farmer-members this summer. The tours are an opportunity for farmer-members to see research that Grain Farmers of Ontario has invested and participated in. The itinerary will include plots tours, updates from researchers, and facility tours.
The Research Tours will take place in Elora/Guelph in July and Ottawa in August. Visit www.gfo.ca for more information, dates, and registration as it becomes available. •
MARKET COMMENTARY
by Philip Shaw
In the April 10 United States Department of Agriculture (USDA) report the USDA increased their estimate of the Brazil soybean crop to 115 MMT, another record. However, USDA cut back the Argentinian soybean crop to 40 MMT, with some private estimates seen as even lower. USDA also lowered both the Argentinian and Brazilian corn crop estimates. The Argentinian drought has definitely changed grain flow, as even some American soybeans are set to be imported there.
Basis levels for Ontario grains have increased lately on a Canadian dollar, which has dipped back into the 77 cent level. It is a critical time for pricing grains and setting marketing orders considering the seasonality of futures prices and the lower Canadian dollar. •
