Cash prices as of noon on Friday, January 20, 2017 are as follows:
SWW @ $187.02/MT ($5.09/bu),  HRW @ $187.02/MT ($5.09/bu),
HRS @ $229.61/MT/ ($6.25/bu),  SRW @ $187.02/MT ($5.09/bu).

Harvest 2017 prices as of noon on Friday, January 20, 2017 are as follows:
SWW @ $203.05/MT ($5.53/bu),  HRW @ $200.61/MT ($5.46/bu),
HRS @ $234.85/MT ($6.39/bu),  SRW @ $200.61/MT ($5.46/bu).

Marketing Education
Technical analysis: Candlestick Patterns
Evening (doji) star: An evening star is a bearish candlestick pattern consisting of three candles that have the following formation: the first bar is a large white candlestick located within an uptrend; the middle bar is a small-bodied or doji candle, red or white, that closes above the first white bar. The last bar is a large red candle that opens below the middle candle and closes below the center of the first bar's body. This pattern is one of the most reliable bearish reversal patterns and is very similar to the island reversal in OHLC charts. It is an early indicator that a top is forming and a trend change could be at hand.
 
Morning (doji) star: A morning star is an opposite sister of the evening star and is a bullish reversal candlestick pattern that consists of three candles. The first bar is a large red candlestick located within a defined downtrend, the second bar is a small-bodied or doji candle (red or white) that closes below the first red bar, and the last bar is a large white candle that opens above the middle candle and closes above the center of the first bar's body. This formation is an early warning for a possible trend reversal to the upside. It is one of the more dependable trend reversal indicators for the markets to turn bullish.

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 farmer-members are invited to attend a full-day marketing seminar on technical analysis.

Seminars will be led by Marty Hibbs, grain merchandiser with Grain Farmers of Ontario. Hibbs is a 25 year veteran futures trader, analyst, and portfolio manager. He was a regular guest analyst on BNN for four years and is currently authoring the Market Side education series on futures trading basics in the Ontario Grain Farmer magazine.

Technical Analysis: learn to trade the markets using charts and historical data
January 31, 2017:             Chatham ON
February 1, 2017:             Stratford ON
February 2, 2017:             London ON
February 7, 2017:             Brantford ON
February 15, 2017:           Cornwall ON
February 16, 2017:           Belleville ON
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Pre-registration is required. No walk-ins will be permitted. To reserve a seat call Marty Hibbs 1-800-265-0550; email: mhibbs@gfo.ca; or go online at www.gfo.ca/marketing.
Please note that the dates and locations are tentative and could change. Venue and start time details will be provided through an email with your registration confirmation. •

The Ontario Soybean and Canola Committee Research Day was held in London, Ontario on Thursday. Grain Farmers of Ontario was represented at the meeting by Keith Black, District 8 (Huron) director, Matthew Czerwinski, research lead, and Mike Buttenham, sustainability and environment coordinator.

This meeting provided soybean stakeholders the opportunity to hear from researchers across Ontario on topics such a double cropping soybeans, yield loss due to water stress, key pests and diseases, and other issues. Grain Farmers of Ontario provided a presentation about the Canadian Field Crop Research Alliance and the development of a new Canadian field crop cluster as part of Agriculture and Agri-Food Canada’s Agri-Science Cluster program under the next Agricultural Policy Framework. Grain Farmers of Ontario also had the opportunity to provide an update on sustainability and the traction it is gaining throughout the supply chain. 

For more information on the Ontario Soybean and Canola Committee, go to  www.gosoy.ca. •

The Ontario Cereal Crop Committee (OCCC) held its annual quality subcommittee and main committee meetings on January 17 and 18, in Guelph. The meetings were attended by Dr. Josh Cowan, manager of research and innovation, and Matthew Czerwinski, research lead, on behalf of Grain Farmers of Ontario.

The quality subcommittee reviewed quality data for candidate varieties submitted to OCCC for registration support in Ontario. Quality data included rheological testing, physical dough and bake testing, protein levels, and more. The main committee reviewed the quality subcommittee report, as well as disease data, and decided on which candidate cereal varieties to support for registration in Ontario. 

Producers interested in more information can contact Matthew Czerwinski (mczerwinski@gfo.ca; 519-767-0212) or visit www.gocereals.ca. •

Registration is now open for the 2017 March Classic, Grain Farmers of Ontario's annual conference for farmers and industry, being held Tuesday, March 21, 2017. Attendees who register during the month of January will be entered in to an early bird draw.

The theme of the 2017 March Classic is Leading Through Change, and is designed to inspire leadership through challenging times, as well as times of opportunity. Conference speakers include General Rick Hillier, David Frum, Jolene Brown, and Terry O’Reilly, with evening entertainment provided by comedian Jonny Harris. Topics will range from international policies and political shifts, to farm business succession planning, and the art of persuasion.

Attendees are encouraged to pre-register by Tuesday, January 31 to be entered in an early bird draw for a Good in Every Grain soft shell jacket. Pre-registered attendees are also invited to skip the lines and pick-up their conference packages on the 2nd floor of the DoubleTree by Hilton during the evening reception, sponsored by SGS Canada, on Monday, March 20, 7 p.m. – 9 p.m. For more information and to register, visit: www.gfo.ca/March-Classic. •

Grains in Action 2017 has a few spots open for the tour from Monday, January 30 to Thursday, February 2. This is a three-day course to give farmer-members under 35 a better understanding of the value chain of barley, corn, oats, soybeans, and wheat and a deeper knowledge of the role and objectives of Grain Farmers of Ontario. To inquire about availability of spots contact Steve McCabe at mmccabe@gfo.ca or 226-979-5581. •

Grain Farmers of Ontario has completed the Annual District Grain Committee Meetings for all barley, corn, oat, soybean, and wheat farmers. These meetings are called to receive reports, elect the District delegates, alternates, and directors (this year, odd-numbered districts are electing directors for two-year terms), and conduct other business as may properly come before the annual meeting.

Anyone who brought a farmer-member who has never attended a Grain Farmers of Ontario January District Grain Committee meeting received a $25 Tim Hortons gift card.

This week, Annual District Meetings were held at the following districts (attendance and directors are noted):

Grain Farmers of Ontario was pleased to welcome Jeff Yurek, MPP for Elgin-Middlesex-London to the District 5 meeting.

Results from all Annual District Grain Committee Meetings can be found at http://gfo.ca/About-Us/Events/District-Meetings. •