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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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Grain Market Commentary for July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Market Trends

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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