Grain Farmers of Ontario Bottom Line E-Newsletter for September 23, 2016
 
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September 23, 2016

In this issue:

• Ontario Grain Market Commentary
• Fostering relationships with Taiwan
• 2017 open call for research proposals
• Port of Hamilton Survey
• International Plowing Match
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Harvest cash wheat prices as of noon on Friday, September 23, 2016 are as follows:
SWW @$169.11 /MT ($4.60 /bu)
HRW @ $166.70 /MT ($4.54 /bu)
HRS @ $195.20/MT ($5.31/bu)
SRW @ $171.53/MT ($4.67/bu)


Marketing Education
Options on Futures: Candlestick charting

The true purpose of charting and technical analysis is to attempt to predict the future by studying formations which have appeared in the historical data. Because candlestick charts are more visual than typical bar charts, the patterns are more easily discerned and can assist a trader as they plan their strategy to profit from future price moves. History does repeat itself in markets and trading, and you can use this repetition to your advantage by considering historical candlestick charts, which can be read at a glance due to the visual effect.
 
As we learned in the last lesson, candles are generally either green and white for bullish bodies and red or black for bearish bodies. We will reference only green and red candles going forward for the purpose of eliminating redundancy.
 
The visualization of a candle’s closing price relative to its opening price during a certain period is a key piece of information. Candlestick charts allow you to quickly identify the days when a closing price is above an opening price and vice versa. Each candle can represent a battle between the bulls and the bears. If the candle is green, we can assume that the bulls won for that timeframe. Likewise, if the candle is red, we know by a quick glance that the candle in question was won by the bears.
 
To take it a step further we can even glean more from the visualization when we see the length of the body in question. The longer the body of the green candle, the more intense the buying pressure. The longer the body of the red body, the more selling pressure was involved. A short candle, on the other hand, indicates a quiet market with little price movement which also represents price consolidation.
 
It is important to remember that, as with all aspects of technical analysis and investing, past results do not ensure future returns. •
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Feedback is important.  If you find this education series beneficial, please contact Marty Hibbs, Grain Merchandiser at mhibbs@gfo.ca.

DISCLAIMER: This information has been compiled from sources believed to be reliable, but no representation or warranty, express or implied, is made by the author, by Grain Farmers of Ontario, or by any other person as to its accuracy, completeness or correctness and Grain Farmers of Ontario accepts no liability whatsoever for any loss arising from any use of same. •

 

 

 

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Fostering relationships with Taiwan

On Monday, September 19, representatives from Kuang Chuan Dairy of Taiwan met with representatives from Grain Farmers of Ontario and Soy Canada. KC Dairy is one of the largest soymilk producers in Taiwan and have recently opened a new production facility that will allow them to increase production. The representatives were interested in learning more about Canadian food grade soybeans and the Canadian Identity Preserved Recognition Program. Nicole Mackellar, manager, market development for Grain Farmers of Ontario, and Jim Everson, executive director of Soy Canada, answered their questions and discussed Canadian soybean production. •
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2017 open call for research proposals

Grain Farmers of Ontario has released its call for research proposals for funding in 2017. Investment in research is a long-term strategic initiative of Grain Farmers of Ontario. The 2017 call for research proposals will target projects addressing four priority research areas: Agronomy and Production; Weed, Disease & Insect Pests; Breeding & Genetics, and Crop Utilization & Quality. Within these broad priorities, we are also specifically highlighting cover crop, phosphorous management, and crop utilization priorities. The updated 2017 Grain Farmers of Ontario research priorities are available online at www.gfo.ca/research.
 
Interested researchers must submit the application form found at www.gfo.ca/research. Applications will be accepted until 4 p.m. on November 30, 2016. Should researchers have any questions, they are encouraged to contact Grain Farmers of Ontario to discuss their research proposals — contact Natalie DiMeo at ndimeo@gfo.ca or 519-767-4138. •
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Port of Hamilton Survey

The Port of Hamilton is one of the primary transportation gateways for agricultural products in Ontario. The port is home to three grain export terminals, two fertilizer terminals, an oilseed crush facility, and a new flour mill.
 
The Hamilton Port Authority (HPA) is currently undertaking a review of its Land Use Plan, to help guide growth over the next 10-20 years. How can the port develop to meet the changing needs of the agricultural sector? Your comments on a short survey are welcome as HPA plans for the future.
 
The survey will be open until October 31and is available online at: https://www.surveymonkey.com/r/AgHamilton. •
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International Plowing Match

Grain Farmers of Ontario spent the week at the International Plowing Match (IPM) in Harriston. On Tuesday, members of the Board of Directors and senior staff hosted provincial and local politicians at the Grain Farmers of Ontario sponsored VIP plow event and luncheon. On Wednesday, Meghan Burke, manager of communications, spoke at a careers in agriculture event for students, and throughout the week the Growing Connections trailer showcased Ontario’s grain crops and some of the many products they are used for. The Tech Park, a joint initiative we planned with the IPM and Premier Equipment, helped to educate all visitors about the new technology used in modern farming.
 
You can learn more about our time at the IPM in this week’s edition of Inside Grain Farmers of Ontario. •
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