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Grain Farmers of Ontario: officially Ontario's new marketing board

Guelph, OntarioOntario’s corn, soybean and wheat farmers will have a strong and unified voice in the province beginning January 1, 2010 with the inauguration of Grain Farmers of Ontario.

An interim board of directors will be appointed by the province to oversee the GFO’s operations until the completion of regional elections in early February.  The elected board of directors for Grain Farmers of Ontario will be in place by early March 2010 and will focus initially on policy development and business planning.

“GFO will ensure our members have a strong voice on provincial and national issues as well as offering programs and services that add value to their businesses,” says Barry Senft, CEO of Grain Farmers of Ontario.  

GFO will build upon the strength of our farmer members and our heritage organizations to take a leadership role in marketing, market development and advocacy.  The new organization will work with farmers to get the most out of their high quality crops through innovative research and policy development.

For GFO to be successful right out of the gate, it is important for all members to shape and direct the organization by participating in the upcoming January meetings and elections.  There will be an opportunity for dialogue with executive staff and to elect the political leaders of GFO at these meetings to ensure the organization is built from the ground up.  Check the website at www.gfo.ca or the Ontario Grain Farmer magazine for regional meeting dates.

This merger of Ontario’s corn, soybean and wheat organizations will position GFO as the largest provincial commodity board representing 28,000 farmers and five million acres of farmland that generate $2.2 billion in farm gate receipts, over $9 billion in economic output and 40,000 jobs.

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Weekly Commentary

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Grain Market Commentary for August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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