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March Classic early bird winner

GUELPH, ON (February 3, 2015) – Grain Farmers of Ontario would like to congratulate Kerry Lunn of Thamesville, ON, the winner of January’s March Classic early bird draw. Kerry will be receiving a Good in Every Grain prize pack.

Everyone who registers for the March Classic before the end of February, including those who registered in January, will be eligible to win a second early bird prize from Good in Every Grain.

“Last year, the March Classic saw record attendance and we’re expecting a strong turn-out again this year,” says Meghan Burke, Communications Manager. “We hope attendees will take the opportunity to register early for a chance to win a great prize.”

New this year, for those wishing to skip the line at the conference, pre-registered attendees will be able to pick-up their name badges and meal tickets at the Hilton hotel Monday, March 23rd, from 7-9pm.

The deadline for the second early bird draw is February 28th. The 2015 March Classic will be held on March 24th at the London Convention Centre in London, ON. 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:

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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