News

New date for 2014 March Classic

GUELPH, ON (January 6, 2014) – Grain Farmers of Ontario’s March Classic has a new date! This year it will be held on March 24th, 2014 at the London Convention Centre.

“Moving the conference back one week, from previous conferences, has allowed us to build the best speaker line-up to date,” says Meghan Burke, Manager of Communications at Grain Farmers of Ontario. “This date has changed from the initial announcement in the summer of 2013, so we encourage attendees to mark their calendars with the new date”.

This annual event is the largest grain-focused conference in Eastern Canada and is expected to draw upwards of 700 attendees from farms across Ontario, government, and industry. The theme for 2014 is Launching Ontario Grains to New Heights and the conference will host speakers in the areas of science and innovation in agriculture, leadership, and grain marketing.

“Every year we are challenged to build on the excitement and success of the previous conference,” says Burke. “With keynote speaker Chris Hadfield we are anticipating a full house, so we strongly encourage people to register early.”

Those who register by January 31st will be entered into an early-bird draw for a $25 gas gift card. The complete speaker line-up will be released in the coming weeks. For more information and to register, visit www.gfo.ca/marchclassic.

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

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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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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