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Grain Farmers of Ontario March Classic industry speakers

GUELPH, ON (March 01, 2011)  – Grain Farmers of Ontario March Classic will offer global industry insight for Ontario growers. Buyers of corn, wheat, and soybeans will explain their experiences with Ontario product and how adjustments in on-farm practices will help ensure the sustainability of grain farming on our province.

A great supporter of Grain Farmers of Ontario , Jan Wescott of Spirits Canada, will offer a wealth of knowledge about the corn quality requirements for fine Canadian whisky. The whisky industry is unique and proves to be a marketing channel of interest for many Ontario grain farmers. Remote distilleries often rely on the convenience of local farm supplies of corn whereas border locations have numerous options. Wescott will share how we can keep Ontario distilleries buying domestic corn.

Travelling all the way from the United Kingdom (UK), Warburton’s Bob Beard, will join the Grain Farmers of Ontario conference to discuss their wheat program and how they select their wheat suppliers. Warburtons is an artisan bakery that has been highly successful in the UK for 130 years. The company purchases all their wheat from the UK and Canada and has implemented traceability all the way back to the farm. Beard will provide great insight into the differences between Western and Eastern Canadian wheat in baked goods.

Finally, CRFA President Gordon Quaiattini will speak to the March Classic crowd about the status of renewable grain based fuels in Ontario. From biodiesel to ethanol, Quaiattini will flow knowledge of the current and future position of renewable fuels domestically and internationally as well as the economic impact on farm and on a macro-scale.

These three powerful industry alliances will provide an opportunity for Ontario’s grain farmers to address marketing and end-use requirements of their crops. To register for the March Classic visit www.gfo.ca/MarchClassic or call the Grain Farmers of Ontario office at 1-800-265-0550. 

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $2.5 billion in farm gate receipts, result in over $9 billion in economic output and are responsible for over 40,000 jobs in the province.

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Weekly Commentary

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Grain Market Commentary for December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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