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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 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 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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