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Grain Farmers of Ontario RFP open for utilization study

GUELPH, ON (August 17, 2015) – Companies and individuals are invited to submit proposals to Grain Farmers of Ontario for a detailed study of key market opportunities for Ontario barley, corn, oats, soybeans, and wheat.

“The purpose of this project is for Grain Farmers of Ontario to gain a comprehensive understanding of the current utilization of our crops,” says Barry Senft, CEO of Grain Farmers of Ontario. “The resulting report will provide market intelligence to help us better position our crops to offer the best opportunities for our farmer-members.”

The project is being led by the market development department at Grain Farmers of Ontario to further the goal of expanding existing and premium markets for Ontario barley, corn, oats, soybeans, and wheat.

The successful applicant will demonstrate extensive knowledge of Ontario agriculture and the current markets for Ontario grains, as well as identify the opportunities and challenges in each of these markets.

Submissions will be received until 4:00pm EST on Tuesday September 8, 2015. Details about the request for proposal are available at www.gfo.ca/MarketDevelopment

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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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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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