From the GFO website:
The Grain Farmers of Ontario has announced the initial payments and pool return outlook (PRO) for the six wheat pools managed by the Wheat Marketing team.
To assess options this year, producers should consider initial prices as an advanced payment on the PRO, estimated at 65 per cent of total value. The PRO is an estimation based on current market conditions of how various classes of wheat should be expected to perform in the marketplace. Grain Farmers of Ontario’s initial payments for the 2016 wheat marketing year are:
Wheat Class Initial Prices($/tonne)
SWW (Pool A) $130
HWR (Pool B) $140
HRS (Pool C) $140
SRW (Pool E) $130
RW (Pool F) $130
Feed (Pool G) $110
“The Pool allows growers to move grain at harvest while taking advantage of post-harvest markets, which spreads out cash flow,” says Todd Austin, Manager of Wheat Marketing, Grain Farmers of Ontario. “Historically it hits market average or better, so it can be a good insurance policy.”
GFO issues and regularly updates the PRO for all wheat classes at www.gfo.ca/WheatMarketing.
GFO also has pre-pool contracts and post-pool contracts. Pre-pool contracts offer an advance above the initial price to bring the value closer to 70 per cent to the current cash price. Pre-pool contracts have to be established with Grain Farmers of Ontario no later than August 31. Post-pool contracts allow for delivery into the pool after September and into the spring.
For more information, call 1-800-265-0550 or visit www.gfo.ca/wheatmarketing.
« Day-Neutral Berries Extending Chatham-Kent’s Season Managing Bacterial Spot In Ontario Field Tomato Production »
