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Grain Farmers of Ontario congratulates new premier Wynne

GUELPH, ON (January 30, 2013) – Grain Farmers of Ontario would like to congratulate Premier Kathleen Wynne and commend her for taking on the role of Minister of Agriculture, Food and Rural Affairs. 

A year of great opportunity is ahead for grain farmers in Ontario with the beginning of a new policy framework and many exciting research and market development projects underway.  Our organization looks forward to working closely with the Wynne government to create stable, bankable and predictable programming for our farmers.

“We know the next few months will be extremely busy for the Premier as she manages her new role as well as the duties of Minister of Agriculture,” says Henry Van Ankum, chair of Grain Farmers of Ontario.  “As the largest commodity organization in Ontario we would like to offer any help we can provide to aid your familiarization with rural opportunities and issues.”

The priorities for grain farmers in 2013 include the enhancement of renewable fuel opportunities, the ongoing availability of bankable business risk management and improving the production and business environment of farmers through jointly funded research and market development projects.

Agriculture is a driving force in our provincial economy and we look forward to building on our strengths together with government in the year ahead.  

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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Weekly Commentary

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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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