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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 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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