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Grain Farmers of Ontario March Classic speaker line-up

GUELPH, ON (January 18, 2013) – The 2013 March Classic speaker line up has been announced by Grain Farmers of Ontario. Throughout the day, featured speakers will highlight this year’s theme, Ontario’s Grain Industry: Generations of Success.

The Honourable Ted McMeekin has been invited to give opening remarks on the day, followed by Evan Solomon, Canadian writer and host of CBC’s nightly series Power & Politics. Also as part of the morning program, Cal Whewell, Risk Management Consultant at FCStone will give a presentation on the Market Outlook for 2013.

The afternoon portion of the event will kick off with Elaine Froese, a skilled communicator, farm family member and an expert in helping family businesses talk about tough issues such as positive farm succession planning. As an added bonus, the first 100 pre-registered attendees will receive a copy of Froese’s e-book – Do the Tough Things Right… how to prevent communication disasters in family business. Her book has received rave reviews throughout the farming community for addressing the tough to talk about issues including succession planning.

To round out the afternoon, keynote speaker Ron MacLean, well known Canadian sportscaster and host of Hockey Night in Canada, will entertain all audiences with his presentation, Hockey and Humour. With the National Hockey League finally back on the ice, this presentation will be an event to remember!

An evening cocktail reception will be hosted in the exhibit hall and a banquet with entertainment provided by CBC’s The Debaters, will round out the conference. The Debaters is a popular comedy style Canadian radio show aired on CBC Radio Wednesdays and Saturdays, it can also be seen on CBC TV. Host Steve Paterson will moderate a comical debate between funny man and farmer Big Daddy Tazz of Winnipeg and an opposing city boy comic Phil Hanley.

Early bird registration is now open at www.gfo.ca/MarchClassic. Register before the end of January for a chance to win a Petro Canada Preferred Price Fuel Card to use at any Petro Canada location.

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.

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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Grain Market Commentary for October 12, 2017

Thursday, October 12, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.49  06 cents
Soybeans CBOT November 9.92  34 cents
Wheat CBOT December 4.30  12 cents
Wheat Minn. December 6.12  02 cents
Wheat Kansas December 4.26  10 cents
Chicago Oats December 2.62  16 cents
Canadian $ December 0.8030  0.15 points

Harvest 2017 prices as of the close, October 12 are as follows: SWW @ $183.52/MT ($4.99/bu), HRW @ $192.67/MT ($5.24/bu), HRS @ $238.89/MT ($6.50/bu), SRW @ $188.09/MT ($5.12/bu).

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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