News

March Classic registration and hotel deadlines this Friday

GUELPH, ON (February 26, 2014) – With the March Classic fast approaching, Grain Farmers of Ontario encourages attendees to take advantage of early bird registration and hotel room booking.

“We are anticipating higher attendance than previous years, so we strongly encourage attendees to pre-register for the conference,” says Meghan Burke, Manager of Communications at Grain Farmers of Ontario. “Registering by the end of February also offers the added bonus of being entered in our early bird draw for a $25 prepaid fuel card.”

Registration for the conference is available online and PayPal is available for easy payment, or registration can be made by calling the Grain Farmers of Ontario office. A block of hotel rooms has been set aside at the Hilton in London. Those who book under the Grain Farmers of Ontario room code (GRF) by Friday will receive a preferred price.

Registration information and hotel details can be found at www.gfo.ca/MarchClassic.

The 2014 March Classic will be held on Monday March 24th at the London Convention Centre in London, Ontario. Keynote speakers include: Colonel Chris Hadfield, Commander of the International Space Station, and Mark Lynas, Author, Journalist, and Environmental Activist. 

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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