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March Classic registration now open

GUELPH, ON (January 4, 2016) – Registration is now open for the March Classic, Grain Farmers of Ontario's annual conference for farmers and industry, being held Tuesday, March 22nd, 2016.

"Delving into the new reality of social license and the power of public perception, the theme of this year's conference is Cultivating Consumer Relationships," says Meghan Burke, Communications Manager, Grain Farmers of Ontario. "The conference will explore issues that affect agriculture's ability to operate, from politics to demographic trends to misconceptions and the importance of messaging and marketing."

Keynote speakers include Manjit Minhas, the newest "dragon" on CBC's Dragons Den and The Honourable Jean Charest, one of Canada's best known political figures as past premier of Quebec and former Deputy Prime Minister. The conference also proudly presents the Scibabe (Yvette d'Entremont), who is on a mission to teach people how to recognize the hallmarks of good science, and Andrew Ramlo, a prominent demographer with expertise in market trends. Closing the conference, the evening banquet will feature Dan Dunn's Paintjam where three pieces of artwork created at this year's March Classic will be available for auction.

"We are pleased to present this year's speaker line-up, with the help of our sponsors and exhibitors," says Burke. "The exhibit hall will feature many of our industry partners, with over 60 exhibitors on-site showcasing innovative new displays to wow the crowd."

The 2016 conference will be held at the London Convention Centre, London, Ontario. Registration is now open at www.gfo.ca/MarchClassic. Those who register by Jan 31st will be entered to win one of two Good in Every Grain jackets.

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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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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