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| Grain Farmers of Ontario Bottom Line E-Newsletter for January 12, 2018 |
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![Grain Farmers of Ontario Bottom Line E-Newsletter for January 12, 2018]() |
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Register for the 2018 March Classic Registration is now open for the 2018 March Classic, Grain Farmers of Ontario's annual conference for farmers and industry, being held Tuesday, March 20, 2018. Learn more in this issue of the Bottom Line. •
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January 12, 2017
In this issue:
• Ontario Grain Market Commentary
• Technician Training Workshop
• 2018 Marketing Seminars
• 2018 March Classic: Leadership for Tomorrow
• GMOs – Facts and Misconceptions
• Annual District Meetings
• #TrainWithGrains Competition
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Cash prices as of noon on January 12, 2017 are as follows:
SWW @ $181.01/MT ($4.93/bu), HRW @ $192.47/MT ($5.24/bu),
HRS @ $233.72/MT ($6.36/bu), SRW @ $181.01/MT ($4.93/bu).
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Marketing Education
Options on Futures: Candlestick Charting, Dragonfly Doji and Gravestone Doji
Dragonfly Doji (bullish): The dragonfly doji, also called a bull doji, depicts a session with little or no distance between opening and closing price with long shadow. When it appears at the bottom of a downtrend, it predicts reversal. The session consists of a horizontal line or a very small real body, and a longer than average lower shadow. The lower shadow reveals a failed attempt by sellers to move the price lower. The extension did not hold, and the price rose to close at or near the opening. The expectation is for an uptrend to follow. The chart below shows a dragonfly doji making new lows and reversing to the upside.
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Gravestone Doji (bearish): A gravestone doji, also called a bear doji, ispictured below, and it shows a session with a large upper shadow and little or no lower shadow. The real body has little or no distance between opening and closing price. The horizontal line replaces the normal candlestick rectangle, and it appears at or very close to the bottom of the trading range. This is a signal that buyers attempted to push price above the opening, but failed. Chart 3 shows the price making new highs before retreating during the session to the same level as the opening, where it also closed. This is bearish because it signals that buyers did not have enough momentum to move the price higher and keep it there. The subsequent downward price movement confirms the indication. In this case, the
real body was very close to a doji; the important element of the formation is that the distance between opening and closing price was quite small. When a real body does form, the color does not matter, since it is the failed upper shadow that signals reversal. •
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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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2018 Marketing Seminars Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & 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.
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| Technician Training Workshop In partnership with C&M Seeds and SeCan, Grain Farmers of Ontario hosted a Technician Training Workshop at the University of Guelph on January 8-9, 2018.
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The 2018 Technician Training Workshop was a unique opportunity for field technicians and breeders from across Ontario to take their field crop trial management to the next level. You can learn more about the 2018 Technician Training Workshop in this week's episode of Inside Grain Farmers of Ontario:
youtube.com/watch?v=wIlXJxSvBu4. •
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2018 March Classic: Leadership for Tomorrow Registration is now open for the 2018 March Classic, Grain Farmers of Ontario's annual conference for farmers and industry, being held Tuesday, March 20, 2018. Attendees who register during the month of January will be entered into an early bird draw.
The theme of the 2018 March Classic is Leadership for Tomorrow. Conference speakers include fire chief Darby Allen, climate scientist Dr. Laurence C. Smith, former Premier of B.C. Gordon Campbell, and digital business leader Kirstine Stewart. Banquet entertainment will be provided by The Caverners, a Beatles tribute band.
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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 19, from 7 p.m. – 9 p.m. For more information and to register, visit:
gfo.ca/March-Classic. •
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GMOs – Facts and Misconceptions On January 16 in Toronto and January 17 in Waterloo, Ontario Agri-Food Technologies will be screening the film Food Evolution, which explores the controversy surrounding GMOs and food, and hosting a panel discussion on the science, the facts, and misconceptions of GMOs. Tickets for the screenings can be purchased at
foodevolutiontoronto.eventbrite.ca and
foodevolutionwaterloo.eventbrite.ca. For more information, contact Andrea Murray at
info@oaft.org. •
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Annual District Meetings Grain Farmers of Ontario will be holding Annual District Grain Committee Meetings during the month of January. These meetings are called to receive reports, elect the District delegates, alternates, and directors, and conduct other business as may properly come before the annual meeting. All barley, corn, oat, soybean, and wheat farmers are encouraged to attend their local meeting. Learn more about the annual district meetings in this recent episode of Inside Grain Farmers of Ontario with Steve McCabe, Manager, Member Relations:
youtube.com/watch?v=V2SeoTurRxg. All current Grain Farmers of Ontario farmer-members that attend their January District Meeting will have a chance to win one of three getaways: Grand Prize: Trip for two to the Commodity Classic in Anaheim, California 1st Runner up: Weekend for two at Deerhurst in Huntsville, Ontario 2nd Runner up: Weekend for two at Hockley Valley Resort near Orangeville, Ontario Three people from each January District Meeting will be drawn as finalists and entered into the draw for the getaways. All finalists will receive a Grain Farmers of Ontario prize pack. Annual District Grain Committee Meetings have already been held in District 1 (Director: Brendan Byrne), District 6 (Director: Jeff Barlow), District 8 (Director: Keith Black), District 11
(Director: Colin Elliott), District 12 (Director: Jeff Harrison), and District 14 (Director: Markus Haerle). Directors serve staggered two-year terms, and Directors in even-numbered districts are up for re-election in 2018. The following meetings will be held next week:
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#TrainWithGrains Competition The Good in Every Grain
#TrainWithGrains competition opened on January 8, 2018, and we are now accepting video submissions from Ontario University athletes who fuel their bodies with healthy foods made from barley, corn, oats, soybeans, and wheat. Participating student athletes will record themselves explaining how they #TrainWithGrains and demonstrating an athletic feat. Every video submitted will be posted on the #TrainWithGrains Facebook page
and goodineverygrain.ca, and tagged with their university and Good in Every Grain. The 10 videos with the most views will advance to the Final (the top five male athletes and the top five female athletes), and a chance to win $2500 cash. There are also weekly prizes to be won. Eligible contestants can upload their video now at
goodineverygrain.ca/trainwithgrains. •
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