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Grain Farmers of Ontario announces new board of directors

GUELPH, ON (March 17, 2014) – Grain Farmers of Ontario is pleased to announce the 2014 Board of Directors with a new Director for District 8. The Board consists of 15 Directors representing the interests of our farmer-members across the province. Each one draws upon their own grain farming experience and dedication to community leadership for the betterment of our organization and the future of the grain industry.

The 2014 Board of Directors:    

District 1 (Essex) – Leo Guilbeault

District 2 (Kent) – Mark Huston

District 3 (Lambton) – Dave Park

District 4 (Middlesex) – Joe Thomson

District 5 (Elgin, Norfolk) – Scott Persall

District 6 (Haldimand, Brant, Hamilton, Niagara) – Gerry Prentice

District 7 (Waterloo, Oxford) – Kevin Armstrong

District 8 (Huron) – Keith Black

District 9 (Perth) – Mark Brock

District 10 (Grey, Bruce, Wellington) – Henry Van Ankum

District 11 (Dufferin, Simcoe, Halton, Peel, York) – Colin Elliott

District 12 (Durham, Northumberland, Kawartha, Peterborough, Hastings) – Joe Hickson

District 13 (Prince Edward, Lennox, Addington, Frontenac, Lanark, Leeds, Grenville, Renfrew, Ottawa) – Don Kenny

District 14 (Prescott, Russell, Stormont, Dundas, Glengarry) – Markus Haerle

District 15 (Northern Ontario) – Kevin Runnalls

Directors will now serve two-year terms, following a recent change in our election process approved through a regulatory review under the Farm Products Marketing Act. These new terms are being phased-in, and began with Directors in even numbered districts this year. Two-year terms for Directors in odd-numbered districts will begin next year. This will create more stability and consistency within the leadership of Grain Farmers of Ontario.

The Executive Committee has also been elected with a new Executive Member:

Chair – Henry Van Ankum

Vice Chair (2) – Mark Brock, Mark Huston

Executive Member – Markus Haerle

“Grain Farmers of Ontario’s Board of Directors remains committed to the core values and strategic goals of the organization and looks forward to another successful year,” says Henry Van Ankum, Chair of Grain Farmers of Ontario. “We will continue to focus on research, market development and government policy to ensure the best opportunities are available for grain farmers.”

To learn more about our Directors, go to the ‘About us’ section at www.gfo.ca

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 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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