Harvest 2017 prices as of noon on October 13, 2017 are as follows:
SWW @ $185.32/MT ($5.04/bu),  HRW @ $194.49/MT ($5.29/bu)
HRS @ $239.44/MT ($6.52/bu),   SRW @ $189.91/MT ($5.17/bu)

Marketing Education
Candlestick Trading: Long white candles
There are four versions of the long white candle. Although slightly different in appearance, three of the variations of the long white candle are considered a marubozu. These white patterns all represent a day during which the bulls were in control from the open to the close. Remember, white or clear candles represent a higher close than the opening.

The white marubozu
The first is the most bullish of them all: a textbook marubozu, a long white candle with no shadow. The day begins on the low and finishes on the high. This formation doesn’t happen very often.
 
The opening white marubozu
The second variation of the long white candle is the opening white marubozu. This pattern’s opening price is equal to the low of the day, and as a result, there’s no shadow on the bottom. Because we have only one shadow, it is still considered a marubozu. In this case, it is an opening white marubozu.

The closing white marubozu
The third version of the long white candle is another white marubozu, which is known as the closing white marubozu. On this single-stick pattern, the close is equal to the high, so there is no shadow on top of the stick. Again, because there is only one shadow, this is defined as a marubozu, and in this case a closing white Marubozu.
 
Finally, a long white candle is similar to a maruzobu but it can have a shadow on both sides of the body. For this reason, it is not recognized as a true marubozu but simply a long white 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. •

Last week, members of the Market Development team met with grain millers to discuss the results of the 2017 Ontario Wheat Quality Survey. The discussions focused on the quality and quantity of wheat produced in Ontario this year which allows grain millers to maximize their utilization of different classes of Ontario wheat.

Each year, Grain Farmers of Ontario collects wheat samples from across Ontario and is now able to send them to the Grains Analytical Testing Laboratory in Guelph. The lab is a joint venture between Grain Farmers of Ontario and SGS Canada, Inc. that provides a full analytical testing facility dedicated to Ontario cereal crops. The lab offers a full suite of testing including rheological testing, physical dough and bake testing, protein levels, and more. 

The 2017 wheat crop in Ontario saw a return to normal quality levels for characteristics like protein and falling numbers, after 2016’s very high quality crop. Soft red winter wheat protein averaged 8.9% across Ontario, hard red winter was 10.8,% and the soft white winter was 9.2%. Regional breakdowns for SRW are also available due to the large amount of samples collected.

Full results are available for 2017 online at www.gfo.ca/Production/Ontario-Wheat-Quality. •

The March Classic is the largest grain-focused conference in Eastern Canada drawing upwards of 700 attendees from farms across Ontario, government, and industry.

The 2018 March Classic will be held on Tuesday, March 20, 2018, at the London Convention Centre in London, Ontario. Those interested in exhibiting at the event or being an event sponsor can learn more and register at www.gfo.ca/marchclassic.

General registration is not open yet, but farmer-members who wish to attend should keep an eye out in the coming months for an announcement about early-bird registration. •

Only five spots remain for Grains in Action 2018!

Grains in Action is a four-day program where young agriculture leaders learn about the end uses and markets for Ontario grains. Participants learn about the grain value chain, meet industry partners, and have networking opportunities. The 2018 session will start on Monday, January 29.

If you are interested in attending the 2018 Grains in Action or would like to recommend a young agricultural leader for the program, contact Steve McCabe at smccabe@gfo.ca or 226-979-5581. •

The Grain Discovery Zone wraps up its season at the Walkerton Fair this weekend.

The event trailer, featuring a corn box and other educational activities for children, has made its way across the province with Grain Discovery Zone ambassador Lauren Barker to more than 25 events this summer and fall.

To learn more about the Grain Discovery Zone, and other educational offerings that you can request for your fair or event in 2018, go to www.gfo.ca/About-Us/Fair-and-Event-Offerings. •