News

March Classic 2013

GUELPH, ON (March 8, 2013) – Pre-registration for the March Classic 2013 closes at midnight on March 12th!  By pre-registering, you will have quicker entrance to the show and a name tag will be ready for you.  Online registration is available at:  www.gfo.ca/marchclassic, or call the office at 1-800-265-0550.  The event is being held in London, Ontario at the London Convention Centre for March 18th, 2013.

The March Classic is the largest grain-focused conference in Eastern Canada drawing upwards of 500 attendees.  Building on the huge success of the 2012 conference, we have developed an even bigger and better event for 2013, with speakers discussing issues of politics, grain markets, and succession planning.

This world class event will feature speaker like 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?”

For more information and to pre-register, please visit www.gfo.ca/marchclassic or call the office at 1-800-265-0550.  Reminder, pre-registration will close at midnight on March 12th.  Registration is also available at the door.

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 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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