Berkley Fedorchuk, grain marketing specialist with Hensall Co-op in Southwestern Ontario, recently shared insights into the current corn market and strategies for forward marketing during his presentation at the Great Ontario Yield Tour.
With a focus on the Ontario and Eastern Canadian grain sectors, Fedorchuk highlighted how supply, demand, and environmental conditions are shaping prices this year.
Fedorchuk noted that a significant amount of old crop corn remains on farms in Southwestern Ontario, contributing to historically high summer basis levels.
Fedorchuk explained that basis -- the difference between local cash prices and futures -- has reached levels he has rarely seen, driven in part by low futures and a favourable Canadian dollar.