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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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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