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March Classic early bird winner

GUELPH, ON (February 8, 2013) – Grain Farmers of Ontario would like to congratulate Jim Duffy from District 3 for winning the March Classic Early Bird draw! Jim has won a bottle of Ontario Collingwood Whisky and a Petro Canada Preferred Price Fuel Card.

A second early bird draw will be held for everyone who registers for the March Classic before the end of February. The prize for this draw will be a Petro Canada Preferred Price Fuel Card. With the Petro Canada Fuel Card, the winner will be able to enjoy a discount of 25 cents per litre for 100 litres of fuel at any Petro Canada location.

The 2013 conference theme is Ontario’s Grain Industry: Generations of Success with world-class speakers discussing issues of politics, grain markets, and succession planning. Key speakers include, Evan Solomon, host of CBC’s nightly series Power & Politics, Elaine Froese, farm succession planner and Ron MacLean from Hockey Night in Canada.

The March Classic is the largest grain-focused conference in Eastern Canada drawing over 500 attendees from farms across Ontario. This year the conference will be held Monday March 18 at the London Convention Centre. You can register online by visiting www.gfo.ca/marchclassic. With over 50 different agricultural exhibitors booked, this year’s March Classic is on track to be the biggest event yet, this is an event you won’t want to miss!

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 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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