2016 Cash prices as of noon, October 21 are as follows:
SWW @ $175.94/MT ($4.79/bu),  HRW @ $173.49/MT ($4.72/bu),
HRS @ $210.93MT ($5.73/bu),  SRW @ $175.94/MT ($4.79/bu).

Harvest 2017 prices as of noon, October 21 are as follows:
SWW @ $201.11/MT ($5.47/bu),  HRW @ $198.67/MT ($5.41/bu),
HRS @ $226.52/MT ($6.17/bu),  SRW @ $198.67/MT ($5.41bu).

Marketing Education
Technical analysis: Advantages of candles
The biggest advantage to using candles instead of bar charts is the visual appeal and readability of the individual bars. The visual properties instantly convey whether sellers or buyers have dominated a given day or session and you can easily spot the opening and closing price on a candlestick chart. The candle also indicates very important areas of support and resistance from day to day. To add to the visualization, candles also offer different patterns than bar charts. The key to using candles to the maximum benefit is that you must learn and understand their proprietary candlestick patterns.

Let’s look at a candle chart one more time just to reinforce the visualization of single candles.

The candles in the image above can be analysed in moments and the information I can derive from these particular candles are as follows:
 
Candle 1 (yellow arrows) shows that the bears won the session as the red body indicates the price closed near the lows of the session (bottom of body). It also tells me that after the opening (top of body) we experienced a good rally (the top of the wick); but the rally failed, and we reversed and closed lower than the opening. This is a bearish candle and when compiled with other candles will form a unique formation which will tell a bigger story.
 
Remember the body of the candle (fat part) indicates the open and close and if the candle is red it means the top of the body is the opening and the bottom is the close. Conversely, if the candle body is blue, it means the opening of that candle is the bottom of the body and the close of the candle is the top of the body, while the wick simply indicates the high and low for that candle.

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. •

Grain Farmers of Ontario’s Market Development department was involved in meetings this week that focused on two key sustainability initiatives the organization is involved in.
 
On October 18, staff members Nicole Mackellar, manager of market development, and Mike Buttenham, sustainability and environment coordinator, attended the Canadian Field Print Initiative (CFPI) members meeting. This meeting provided an update on the progress of the initiative and also allowed for discussion on developing a long-term strategy for the succession of the initiative, how to integrate within the other sustainability initiatives in Canada, and how it can provide value to the full value chain.
 
On October 19, Mark Brock, chair of Grain Farmers of Ontario, joined Mackellar and Buttenham for the Canadian Roundtable for Sustainable Crops (CRSC) bi-annual members meeting. The CRSC is Canada’s voice for sustainability in the grains and oilseed sector, and is working to engage the full supply chain (producers, grain handlers, processors, and end users). This meeting updated members on the development of using macro level data from the sustainability metrics platform to communicate how Canada’s farmers are sustainable. •

Corn stover field trial days are taking place on November 8 and 10, 2016 to demonstrate the field protocol and equipment to bale and stack large square bales of corn stover. The Cellulosic Sugar Producers Cooperative is organizing this demonstration, and it will be very similar to the process used for the biomass supply chain in southwestern Ontario. Comet Biorefining announced previously this year that Sarnia, Ontario will be the location of its commercial-scale biomass derived sugar facility.
 
All are welcome to attend! Pre-registration is not required. For more information, visit http://www.cspcoop.com/events. •

Researchers at the Ontario Agricultural College in the Regional and Rural Broadband (R2B2) project are working on a study of how current and future connectivity influences the adoption of precision agriculture technologies among crop farmers in southwestern Ontario.
 
If you are a farm operator growing field crops in southwestern Ontario who is currently using, or not yet using, precision agriculture technologies you are invited to participate in an e-survey:
 
https://uoguelph.eu.qualtrics.com/jfe/form/SV_1Te8xpNkfiis1nv
 
The objective is to analyze the extent to which access to high-speed internet, or lack thereof, serves as an enabler/barrier to the adoption of various precision agriculture applications.
 
The study is funded by Agriculture and Agri-food Canada’s (AAFC) Innovation and Growth Policy Division (IGPD). Updates on this project will be posted on R2B2project.ca. •

Keeping farmer-members informed of the research investments being made is a priority of Grain Farmers of Ontario's research department. In the past, updates have been provided at district meetings, through special research inserts and articles within the Ontario Grain Farmer, and by request, in addition to the communication efforts undertaken by the researchers themselves. However, a centralized database of research projects that have been approved for funding has not been publicly accessible – until now. The Research Projects Database has been launched online at http://gfo.ca/Research/Projects. It provides information on more than 150 funded projects and is searchable by researcher, project title, and key word. •

Grain Farmers of Ontario is continuing its partnership with the Hamilton Tiger-Cats during the 2016 CFL season. Good in Every Grain will be featured on signage at Tim Hortons Field and a Tailgater of the Game will be awarded a Good in Every Grain prize pack at every home game.

Football fans can also use the Grain Farmers of Ontario selfie booth to snap a Tiger-Cats picture to post on social media. Good in Every Grain is on Facebook, Twitter, Instagram, Pinterest, and Snapchat.
 
New subscribers to The Bottom Line can win Hamilton Tiger-Cats tickets!
Grain Farmers of Ontario is giving away a pair of tickets to final Tiger-Cats home game against the Montreal Alouettes on Saturday, November 5. New subscribers to The Bottom Line from October 21 until October 28 will be automatically entered to win – ask a friend to subscribe today, and make sure they promise to bring you to the game. You can subscribe to The Bottom Line here: http://grainfarmers.campayn.com/contact_list_form/signup/46552. •

Grain Farmers of Ontario is helping to educate the public about what’s happening in the fields this month. Laura Ferrier, communications coordinator, appeared on Inside Brant and Inside Guelph this week to give an update on the harvest and the work farmers are doing. •