News

Second March Classic early bird draw winner

GUELPH, ON (March 5, 2013) – Grain Farmers of Ontario would like to congratulate Don McKercher from District 9 for winning the second and final March Classic Early Bird draw! Don has won a Petro Canada Preferred Price Fuel Card to enjoy a discount of 25 cents per litre for 100 litres of fuel at any Petro Canada location.

Speakers for the March Classic include, Evan Solomon, Cal Whewell, Elaine Froese, Ron MacLean and entertainment by The Debaters. New this year is the Farmer Panel, moderated by Elaine Froese that will discuss the topic “what will farming look like in the future”. This panel will provide unique perspectives on the future of Ontario’s grain industry from farmers at various life and business stages.

The March Classic is the largest grain-focused conference in Eastern Canada drawing upwards of 500 attendees from government, industry, and farms across Ontario. Building on the huge success of the 2012 conference, Grain Farmers of Ontario has developed an even bigger and better event for 2013 with speakers discussing issues of politics, grain markets and succession planning. This is an event you won’t want to miss!

To pre-register online for the Monday March 18th conference in London, Ontario at the London Convention Center, visit www.gfo.ca/marchclassic or call the office at 1 800 265 0550. Pre-registration will close midnight on March 12th

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 November 15, 2017

Thursday, November 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.38  10 cents
Soybeans CBOT January 9.75  15 cents
Wheat CBOT December 4.20  02 cents
Wheat Minn. December 6.25  11 cents
Wheat Kansas December 4.18  02 cents
Chicago Oats December 2.69  02 cents
Canadian $ December 0.7835  0.60 points

Cash grain prices as of the close, November 15 are as follows: SWW @ $182.95/MT ($4.98/bu), HRW @ $192.33/MT ($5.23/bu), HRS @ $251.44/MT ($6.84/bu), SRW @ $187.64/MT ($5.11/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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