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Grain Farmers of Ontario March Classic sets new standard

Conference brings together industry, politicians and farmer members.

GUELPH, ON (April 1, 2011) – The Grain Farmers of Ontario (GFO) March Classic in London saw record attendance and world-class speakers setting a new standard for future conferences.

Over 500 farmers and industry partners attended the one day conference at the London Convention Centre. The day opened with an address from the Honourable Carol Mitchell, Minister of Agriculture, Food, and Rural Affairs, followed by Tim Hudak, leader of the Ontario PC party. Attendees then enjoyed speeches from keynote speakers Peter Mansbridge, The National and Kevin O’Leary, Dragon’s Den.

“The attendance and energy at the conference this year reflects the positive direction of grain farming in Ontario”, says Barry Senft, CEO of GFO. “The conference was a great success and set the bar high for the 2012 March Classic.”

An exhibit hall overflowed into the hallway with many industry representatives available for discussions during breaks and lunch. Also during lunch, the Canadian Renewable Fuels Association (CRFA) held a press conference launching their “Powered by Biodiesel” bumper sticker campaign.

The afternoon sessions launched into industry perspectives from Warburtons (the third largest bread manufacturer in the United Kingdom), CRFA, and Spirits Canada (the national trade association of Canadian manufacturers and marketers of distilled spirits, including whisky) triggering a provocative question and answer session with the panel of speakers. The day closed with industry insights from Cal Whewell, Risk Management Consultant at FC Stone.

Throughout the day GFO collected donations for the Red Cross to support the relief efforts in Japan. Participants generously donated $1100.

The closing dinner banquet was sold out and the crowd was entertained by Brent Butt, Corner Gas. GFO was honoured to host the presentation of the T.R. Hilliard Award for distinguished agriculture extension during the banquet. The deserving recipient was Horst Bohner, Soybean Specialist with OMAFRA. GFO thanks Horst for his ongoing contributions to agriculture and congratulates him on this award. 

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 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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