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March Classic 2013 - event of the year!

GUELPH, ON (March 22, 2013) – The Grain Farmers of Ontario 2013 March Classic is being coined “the event of the year”. With record attendance exceeding 625 farmers, an exhibit hall overflowing with 60 displays, and more than 20 conference sponsors, the March Classic has reached a new level of excellence.

Grain Farmers of Ontario recognizes and thanks the Honourable Kathleen Wynne, Premier of Ontario and Minister of Agriculture and Food, who greeted the audience at the closing reception.

“Grain Farmers of Ontario appreciates the genuine commitment the Minister expressed to the grain sector,” says Henry Van Ankum, Chair of Grain Farmers of Ontario. “Many of our farmer members were impressed to have personal conversations with her as she toured the room during the meal”.

The speaker line-up proved to be world-class with customized and insightful presentations from Evan Solomon, Cal Whewell and Elaine Froese. The day portion ended with crowd favorite, Ron MacLean, telling personal stories from 27 years in hockey and working with Don Cherry.

CBC’s The Debater’s closed the day with a live show hosted by Steve Patterson joined by comedians Big Daddy Tazz and Phil Hanley. This trio of comedians brought humour to Ontario grain farming and the audience left the event laughing. To hear about the event from Steve Patterson’s perspective, read his blog post at: http://growingruralconnections.wordpress.com/.

Grain Farmers of Ontario would like to thank all 20 sponsors and 60 exhibitors of the 2013 March Classic. Thanks to their commitment and financial support this annual event is able to operate at little cost to the farmer membership of Grain Farmers of Ontario.

To see first-hand the impact of the conference, search twitter hashtag #GFOClassic to review over 400 tweets from the event or visit www.gfo.ca/MarchClassic to watch video clips from the conference (additional clips coming shortly). 

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 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 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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