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Late addition to the Grain Farmers of Ontario March Classic

GUELPH, ON (March 16, 2011) – Grain Farmers of Ontario is excited to announce Kevin O’Leary as a late addition to the March Classic conference line up for Monday next week.

O’Leary is well known for his ruthless grilling of entrepreneurs on the popular CBC show Dragon’s Den and is now a judge on the ABC show Shark Tank.  As an "Eco-preneur," O'Leary specializes in investments that make money while being environmentally friendly and is the co-host for Discovery Channel's Discovery Project Earth, which explores ways we can reverse global warming.

“Some last minute changes to the agenda for the day have made it possible to add this knowledgeable and opinionated business leader to our lineup,” says Barry Senft, CEO.  “I enjoy Dragon’s Den each week and look forward to O’Leary’s insight into our industry and his no nonsense style of delivery at the March Classic.”

In 1993, with no money, O’Leary launched The Learning Company, which developed software that helped kids with reading and math. Six years later, he sold it to Mattel for 3.7 billion dollars, one of the largest tech deals in Canadian history.  In 2003, he co-founded Storage Now, Canada's leading developer of climate controlled storage facilities; in 2007, it was acquired by In Storage REIT, for $110 million dollars.  He is currently the chairman of O’Leary Funds, a company that offers a global perspective and investment intelligence to deliver high-quality, actively managed global investment portfolios.

With candor and unmatched business smarts, Kevin O'Leary will draw on his encyclopedic knowledge of finance, investing, economics and business to discuss a variety of topics relevant to our members’ farm businesses.

Registration to the Grain Farmers of Ontario March Classic on March 21st in London, Ontario is still open but tickets are selling fast. Contact Kristyn Kline at 1-800-265-0550 to reserve your seat today.

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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Grain Market Commentary for September 20, 2017

Wednesday, September 20, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.50  01 cents
Soybeans CBOT November 9.70  11 cents
Wheat CBOT December 4.50  07 cents
Wheat Minn. December 6.22  12 cents
Wheat Kansas December 4.48  05 cents
Chicago Oats December 2.46  08 cents
Canadian $ December 0.8115  0.75 points

Harvest 2017 prices as of the close, September 20 are as follows:
SWW @ $190.53/MT ($5.19/bu), HRW @ $199.60/MT ($5.43/bu),
HRS @ $241.11/MT ($6.56/bu), SRW @ $195.06/MT ($5.31/bu).

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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