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March Classic exhibit hall - bigger than ever

GUELPH, ON (January 25, 2013) – The 2013 Grain Farmers of Ontario March Classic in London, Ontario will feature a diverse exhibit hall for all attendees of the conference.  Along with the lineup of world class speakers, attendees can browse the 8000 square foot hall with over 50 exhibitors booked to date.

There will be exhibitors from virtually all business sectors of the grain industry including finance, seed, fertilizer, crop protection, business management, marketing, and equipment. As well this year, each booth will have a prize displayed and everyone will have a chance to win!

New this year, the Grain Farmers of Ontario Market Development team has created a product showcase to feature companies and projects that have been funded in part by Grain Farmers of Ontario. There will also be a chance to meet the four innovators behind these projects that use Ontario grains.

Don’t forget, the first early bird draw closes January 31st which is only a week away. Those who pre-register are entered into a draw for a chance to win a Petro Canada Price Preferred gas card to save 25 cents per litre off fuel at any Petro Canada location or a bottle of locally distilled Collingwood Whisky made from Ontario grain corn and pure spring water from Georgian Bay.

Speakers this year include Evan Solomon from CBC’s Power & Politics, Cal Whewell, Risk Management Consultant at FCStone, Elaine Froese on Farm Succession Planning, and keynote speaker Ron MacLean from Hockey Night in Canada. The conference takes place on March 18th, 2013 at the London Convention Centre.  For more information and to pre-register, visit www.gfo.ca/MarchClassic

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 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

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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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